Morgan Stanley analysts thinks Amazon will achieve a market value of $3 trillion within 12 months, and Phillip Securities analylsts expect Alphabet to hit the same milestone. Amazon is using artificial intelligence to drive revenue growth and improve profitability across its e-commerce, digital advertising, and cloud computing businesses. Alphabet is a leader in artificial intelligence infrastructure, large language models, and machine learning platforms, but antitrust lawsuits are a significant source of potential downside.