Last week, Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM), also known as TSMC, crossed an important psychological threshold for investors. The Taiwanese company surpassed a $1 trillion market capitalization, making it the first Asian company to do so since China’s PetroChina oil and gas giant briefly achieved this milestone in 2007, notes GuruFocus. TSMC manufactures the most advanced computer chips in the world, which are essential for running the most complex AI tasks. The company makes chips for a variety of tech giants, including Nvidia and Apple. As of the time of this writing, TSMC has a market capitalization of approximately $1.2 trillion. The chipmaking giant has achieved this 12-figure valuation on the strength of its chip business in recent months, which has seen a surge in demand thanks to the artificial intelligence boom sweeping the world. But the question many people may be wondering now is who’s next in line to join the $1 trillion club? Here’s what the numbers say. Who is currently in the $1 trillion club? The list of companies valued at $1 trillion or more is pretty short. Currently, just 11 companies have a 12-figure valuation, according to data compiled by CompaniesMarketCap.com. The companies with trillion-dollar market caps currently include: Nvidia ($4.1 trillion) Microsoft ($3.7 trillion) Apple ($3.1 trillion) Amazon ($2.4 trillion) Alphabet/Google ($2.3 trillion) Meta Platforms ($1.7 trillion) Saudi Aramco ($1.6 trillion) Broadcom ($1.3 trillion) TSMC ($1.2 trillion) Tesla ($1 trillion) Berkshire Hathaway ($1 trillion) While TSMC is the newest member of this esteemed list, the company that tops the chart, Nvidia, is the most notable. Not only is it the most valuable company in the world, but it is also the only company to have ever reached a $4 trillion market capitalization, which it achieved earlier this month. What companies are closest to joining the trillion-dollar club? As it’s fairly hard to predict how the stock market—and individual stocks—will perform in the future, it’s also nearly impossible to say with any certainty which company may be the next one to cross the trillion-dollar threshold. The companies that are the closest now could have calamity strike next week, and see their stock prices plunge as a result, taking them further from the 12-figure mark. Alternatively, a company that is worth only a few hundred billion now could strike metaphorical business gold next week, and see its share price surge catapulting it to the trillion-dollar club out of nowhere. But given that a company’s market cap is defined by adding up the value of a company’s total shares, it’s easy to see which companies are currently next closest in line to becoming a trillion-dollar giant. The following five companies that are closest based on their current stock prices are: JPMorgan Chase (Market Cap $800 billion) Walmart ($763 billion) Visa ($685 billion) Eli Lilly ($684 billion) Oracle ($684 billion) Banking giant JPMorgan Chase is the closest to a $1 trillion market cap. To reach it, it would only need to see its stock price rise by another 25% from current levels. Walmart would need to see its stock increase by about 31% from current levels. Visa, Eli Lilly, and Oracle would all need to see about a 46% jump in their stock prices to reach a $1 trillion market cap. As for some of America’s other tech giants, many would need to see their stock prices nearly double or triple from today’s levels to reach a $1 trillion valuation. These companies include: Netflix (current valuation: $524 billion), SAP (current valuation: $358 billion), and Palantir (current valuation: $358 billion). For now, it’s unlikely that any of these companies will be hitting the $1 trillion threshold in the near future, which is precisely why TSMC joining the club is such a big deal. Even as the value of many of the world’s largest companies continues to surge, crossing the 12-figure mark is still a relative rarity.