1 trillion is 1,000 billion, or a million million.
In other comparisons, the GDP of some countries, like Indonesia, Saudi Arabia and Turkey is roughly around one trillion dollars. That amount is big enough to cover various global expenses, like funding renewable energy initiatives or addressing healthcare issues in developing countries.
And if stacking that amount with a one dollar bill on top of each other, $1 trillion would reach about 67,866 miles into space, far beyond the Earth's atmosphere. That amount can also stretch approximately 2.72 times around the Earth's equator
There is no doubt that $1 trillion is a huge amount.
And Meta finally reached that market cap, for the second time in its life.
Meta first became a $1 trillion company, when it was still named Facebook.
But a year later, in 2022, the company reported its first-ever revenue loss.
Meta, which has become the parent company of Facebook, as well as Instagram, WhatsApp and Oculus, lost its $1 trillion exclusivity when its profit shrunk for the third straight quarter.
But the company, born from a dorm room by founder Mark Zuckerberg, he and his teams managed to overcome lots of problems in that year alone, addressing issues, public relation nightmares and obstacles, including series of data leak, scrutiny and government pressure.
In the world that is always changing, the giant that stumbled is one again on its feet.
The company reported a soaring stock performance that came on the heels of an almost 200% surge in 2023.
This happened after Zuckerberg instituted cost-cutting measures that brought about more than 20,000 job cuts. Zuckerberg described 2023 as a "year of efficiency," and he reversed the course quite quickly.
But most notably, shareholders are expecting much, as Meta said that it's strengthen its position as a heavy hitter in AI.
A week before this, Zuckerberg said Meta plans to obtain 350,000 H100 graphics cards from Nvidia by the end of the 2024.
According to Nvidia in its website, its H100 taps into the "unprecedented performance, scalability, and security for every workload," and that it's also includes a dedicated Transformer Engine to solve trillion-parameter language models.
"The H100’s combined technology innovations can speed up large language models (LLMs) by an incredible 30X over the previous generation to deliver industry-leading conversational AI," explained Nvidia.
The GPU, which consists of 80 billion transistors, allows bringing LLM to mainstream with its ability to accelerate AI workflows such as AI chatbots, recommendation engines, vision AI, and more.
At this time. the company with the largest market cap, is Apple, which has reclaimed its position from Microsoft, and has way surpassed $3 trillion.
It's worth noting though, that media reports and rumors about a company's business prospects usually cause its stock to trend and lead to an immediate price change.
For example, Apple gained $71 billion in market cap using only a buzz that said it has already built its own ChatGPT-like chatbot.
