The U.S. economy has a centurylong history of producing the world’s most valuable companies:
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United States Steel became the world’s first $1 billion company in 1901.
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General Motors rode the automotive manufacturing boom to become the first $10 billion company in 1955.
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General Electric built a conglomerate selling a wide range of products from plane engines to household appliances, and it became the world’s first $100 billion enterprise in 1995.
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Apple achieved a $1 trillion valuation in 2018 following the incredible success of devices like the iPhone.
Microsoft, Nvidia, Amazon, Meta Platforms, and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) have since joined Apple in the trillion-dollar club.
In fact, Apple, Microsoft, and Nvidia have each graduated to the ultra-exclusive $3 trillion level, but I think one more company is set to join them.
Alphabet is the tech conglomerate behind Google,…
