We can probably all agree that the world will look different in 2034. However, it will most likely remain more or less the same as it is today.
For example, I wait Nvidia (NASDAQ: NVDA) it will still be one of the largest and most influential companies in the world. Despite my optimism for the AI chip leader, however, I don’t think it will be the biggest company in the world. I predict that these three stocks will be worth more than Nvidia 10 years from now.
1. Apple
Apple (NASDAQ: AAPL ) ranked as the world’s largest company based on market capitalization for most of the past decade. It lost the top spot for a while and even dropped to third place behind Nvidia for a short period. However, Apple is back in the running for the no. 1. I predict that it will hold this position firmly in 2034.
You could say that Apple was a sleeping giant for a while with generative AI. The company didn’t jump on the bandwagon like some other tech leaders after OpenAI released its wildly popular ChatGPT. It’s not like that anymore.
Some saw Apple’s new AI functionality that was revealed at the Worldwide Developers Conference (WWDC) earlier this week as underwhelming. On the other hand, many investors seemed to see Apple Intelligence (the name the company gave to its AI-generating products and services) as a potential catalyst for a new iPhone upgrade supercycle.
One thing’s for sure: Apple is no longer asleep at the wheel with anything AI-related. I fully expect the company to dominate edge AI (running AI on the device rather than in the cloud). I would also bet that its services business will continue to grow rapidly.
2. Microsoft
Microsoft (NASDAQ: MSFT) has gone on and on with Apple as the largest company in the world. While I don’t think Microsoft will ultimately stay in first place, I expect the company to remain larger than Nvidia 10 years from now.
Perhaps the biggest reason for my prediction for Microsoft is its relationship with OpenAI. The tech giant’s impressive gains since the start of last year have been largely due to the integration of OpenAI’s large language model (LLM) across its product line. I expect OpenAI to remain one of the leading innovators in AI. As a result, I think Microsoft will continue to benefit from its relationship with the AI pioneer.
I also expect Microsoft’s cloud unit to have more resources for AI chips in the future, including its own custom silicon. If I’m right, this should increase the company’s profitability as the laws of supply and demand work their magic in lowering chip prices. As Microsoft’s profits go, so do its stock price and market cap — at least in the long run. Additionally, increased competition could prevent Nvidia from dethroning Microsoft and Apple.
3. The alphabet
AlphabetS ‘ (NASDAQ: GOOG) (NASDAQ: GOOGL) The market cap lags far behind Nvidia’s at the moment. Since I’ve included stocks on this list, I obviously anticipate that will change. Why?
For one thing, Alphabet’s Google DeepMind rivals OpenAI. I think the two leaders will go head to head in advancing AI over the next few years. While some see AI as an existential threat to Google Search, I predict that Alphabet will be successful in blending search with generative AI. Its Google Cloud business should also benefit from new sources of AI chips, just as Microsoft will.
I like the prospects for Alphabet’s Waymo self-driving car unit. By 2034, Waymo could be a significant growth driver for the company with the growing adoption of robotics.
Alphabet may also achieve major advances in quantum computing over the next 10 years. Google Quantum Computing believes it can achieve its goal of developing a “useful, error-correcting quantum computer” within this decade.
This could make Alphabet an even more formidable player in AI due to the ability of quantum computers to process data much faster than traditional computers.
Don’t count Nvidia out, though
Although I predict that Apple, Microsoft and Alphabet will be bigger than Nvidia in 10 years, I wouldn’t count Nvidia out. My guess is that other chipmakers will be in a better position to challenge it over the next few years. However, if the company continues to innovate all its rivals, this may not happen.
I think Apple, Microsoft, and Alphabet are great stocks for long-term investors. But so is Nvidia.
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Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Keith Speights has positions in Alphabet, Apple and Microsoft. The Motley Fool has positions in and recommends Alphabet, Apple, Microsoft and Nvidia. The Motley Fool recommends the following options: long January 2026 $395 Microsoft calls and short January 2026 $405 Microsoft calls. The Motley Fool has a disclosure policy.
Prediction: 3 stocks that will be worth more than Nvidia 10 years from now was originally published by The Motley Fool