As millennials and Gen Z-ers inherit an estimated $60 trillion in wealth in the coming decades, these are the brands they may be inclined to spend on.
Every company in the $1 trillion club is investing heavily in artificial intelligence (AI). Apple (NASDAQ: AAPL) touted several AI-powered features in its latest iOS update and new iPhone release. Amazon (NASDAQ: AMZN) is the leading cloud computing platform, and it just unveiled its new Trainium 2 chip design to enable developers to train their large language models while using less computing power.
Global-e Online (NASDAQ: GLBE) has been firing on all cylinders lately, delivering a 43% increase in revenue and a 76% jump in adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) in the first nine months of 2023. It can do so because it helps solve the pain points of companies expanding their cross-border e-commerce businesses, such as logistics, cultural issues, and taxation.