Three Growth Stocks Poised to Reach $300 Billion Valuation by 2026: AMD, Philip Morris International, and Others

Three growth stocks, Advanced Micro Devices (AMD), Philip Morris International (PM), and Shopify (SHOP), are poised to reach a $300 billion valuation by 2026. AMD's market cap is currently at $263 billion, with a $37 billion gap to reach $300 billion. Philip Morris International's market cap is around $256 billion, with a $44 billion climb to reach $300 billion. Shopify's market cap is at $218 billion, with a $82 billion gap to reach $300 billion. These companies are expected to benefit from the growth of artificial intelligence, tobacco, and e-commerce markets.

Advanced Micro Devices (AMD), Philip Morris International (PM), and Shopify (SHOP) are among the growth stocks poised to reach a $300 billion valuation by 2026. These companies are expected to benefit from the growth of artificial intelligence, tobacco, and e-commerce markets, respectively.

AMD's market cap is currently at $263 billion, with a $37 billion gap to reach $300 billion. The company is expected to benefit from the growing AI market, where it is making inroads into inference, a segment that is set to become much bigger over time. AMD's ROCm software has been improving, and the company is part of the UALink Consortium, which aims to break Nvidia's NVLink advantage. Additionally, AMD's central processing units (CPUs) are gaining share in the data center space [1].

Philip Morris International's market cap is around $256 billion, with a $44 billion climb to reach $300 billion. The tobacco company is expected to benefit from the growth of its smokeless portfolio, particularly its Zyn nicotine pouches and Iqos heated tobacco product. Zyn has seen strong sales growth, and the company is expanding Zyn internationally. Iqos is gaining share in Europe and Japan and making inroads in other international markets. These products bring better margins, contributing to the company's earnings growth [1].

Shopify's market cap is at $218 billion, with an $82 billion gap to reach $300 billion. The e-commerce platform is expected to benefit from the growing e-commerce market, driven by the shift towards online shopping. Shopify's platform allows businesses to set up and run their online stores, and the company has been expanding its services to include more features for merchants. Additionally, Shopify's acquisition of 6 River Systems has strengthened its logistics capabilities [2].

These companies are expected to benefit from the growth of their respective markets, and their strong fundamentals position them well to reach a $300 billion valuation by 2026.

References:
[1] https://www.fool.com/investing/2025/09/05/growth-stocks-track-reach-300-billion-valuation/
[2] https://tickernerd.com/stock/pm-forecast/