Amazon will pass Apple to be first $1 trillion company, investors say

  • Large institutional investors believe Amazon will be the first company to be worth one trillion dollars, according to a Delivering Alpha conference survey.
  • The attendees also say President Donald Trump's trade policy is the biggest risk to the U.S. economy over the next 12 months.
Jeff Bezos
Paul Morigi | Getty Images
Jeff Bezos

Amazon will be the first company to be worth one trillion dollars, according to a poll of institutional investors.

CNBC and Institutional Investor hosted the 8th Annual Delivering Alpha Conference in New York last week and asked the attendees several questions on their future market views.

Which of these companies will be the first to reach $1 trillion in market cap?

Source: CNBC/Domo

Nearly 70 percent of those surveyed said Amazon will reach the trillion-dollar value milestone first, followed by Apple and Alphabet. Currently Amazon has a market cap of $888 billion versus Apple’s $949 billion and Alphabet’s $870 billion as of Tuesday’s close, according to FactSet. Nearly 100 investors were polled at the conference.

The investors may be betting that Amazon’s stunning stock momentum this year will continue as its shares are up 56 percent through Tuesday compared with Apple’s 14 percent gain and Alphabet’s 19 percent return.

In another survey question, the attendees said President Donald Trump’s trade policy is the biggest risk to the U.S. economy over the next 12 months.

What is the biggest risk to the U.S. economy over the next 12 months?

Source: CNBC/Domo

Here are the results from the five other questions in the Delivering Alpha survey:

Which of these investments will generate the most alpha over the next 12 months?

Source: CNBC/Domo

What strategy will deliver the most alpha in today’s market?

Source: CNBC/Domo

What is the most likely outcome of November’s midterm elections?

Source: CNBC/Domo

Which is closer to your view of the Trump administration’s trade policy?

Source: CNBC/Domo

What will be the most likely cause of the next financial crisis?

Source: CNBC/Domo

Previous Years

  • CNBC and Institutional Investor hosted the 7th Annual Delivering Alpha Conference on September 12, 2017.

  • Delivering Alpha 2017 stage, signage

    Meet the 2017 advisory board of Delivering Alpha, which takes place on September 12, 2017 at The Pierre in New York City.

  • The stage at Delivering Alpha 2016 in New York on Sept. 13, 2016.

    CNBC and Institutional Investor hosted the 6th Annual Delivering Alpha Conference on September 13, 2016.

About

CNBC and Institutional Investor are pleased to host the 8th Annual Delivering Alpha Conference in New York City on July 18, 2018. Please take note of the new month for 2018. Delivering Alpha continues to be an incomparable who’s who of the investor community with leading asset manager and institutional investors offering candid views along with illustrious political and economic commentators appearing in short segments moderated by CNBC talent and II editors.

To request additional information on Delivering Alpha, please contact lyao@ttivanguard.com.