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March 17, 2024, 3:15 a.m.
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Artificial intelligence (AI) is a transformational technology that will impact businesses. While some established companies will generate additional revenue through AI, others may struggle to adapt. Surprisingly, there are companies outside the typical AI stocks that have the potential to grow their market cap to $1 trillion and beyond. Three contributors from Motley Fool suggest Oracle, Taiwan Semiconductor Manufacturing (TSMC), and Airbnb as potential candidates. Oracle is backed by its resurgent cloud business, driven by the increasing demand for AI data servers.

With a 7% year-over-year revenue growth and an optimistic sales outlook, Oracle, already the 20th-largest company in America, could reach a $1 trillion market cap. TSMC, the world's largest semiconductor manufacturer, has a vital role in the AI chip market, which is expected to grow substantially. As the go-to manufacturing specialist, TSMC could benefit from the significant growth and potentially double its earnings over the next decade, positioning it for a trillion-dollar market cap. Airbnb, primarily known as a tourism company, has leveraged AI to disrupt the vacation rental industry. AI enables Airbnb to tackle challenges such as pricing, tenant reputation, and customer support. With a market cap of $105 billion and strong growth potential, fueled by the increasing popularity of its platform, Airbnb has the opportunity to reach a trillion-dollar market cap. Investors should note that achieving a $1 trillion market cap may take some time for these companies, but their prospects, driven by AI integration, make it a possible milestone in the future.


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