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Amazon is currently worth $2.3 trillion. The stock would need to return 52% for its market value to reach $3.5 trillion. That implies a share price of $338. Alphabet is currently worth $2.4 trillion.

That leaves room for Amazon (NASDAQ: AMZN) and Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) to surpass Nvidia's current market value before the end of 2025: Amazon is currently worth $2.3 trillion.