Walmart’s (NYSE: WMT) rise above $1 trillion in valuation in early February of 2026 showcased that big tech does not hold a monopoly on the coveted club, raising the question of whether more traditional companies can cross the threshold this year.
Furthermore, the technology sector’s own struggles early this year made an increasing number of investors curious about the potential other industries might hold.
This, Finbold decided to examine the stock market and see if there are other non-tech stocks that could join the $1 trillion club within the first half of 2026 based on their state at press time on February 26.
JPMorgan (NYSE: JPM)
The banking giant JPMorgan (NYSE: JPM), led by the veteran executive Jamie Dimon, appears, at face value, to be in the strongest position out of all non-technology companies to cross the $1 trillion threshold.
Specifically, the firm’s valuation stands remarkably close to the target as it is, at press time, at $818 billion.
The bank also benefits from its sheer scale and systemic importance and could, between the hopes for a continued artificial intelligence (AI) boom and the anticipated development of a cryptocurrency framework in the U.S., see significant benefits from its existing portfolio, as well as from potential new investment avenues.
For its part, Wall Street appears confident in JPMorgan’s stock market performance. The average 12-month price target, per the data Finbold retrieved from TradingView on February 26, would see JPM shares rally 15.97% to a price of $351.75 and, thus, a valuation of about $950 billion.
The most bullish forecasts, however, such as the $397 predicted by Goldman Sachs (NYSE: GS) on February 24, place the banking giant comfortably above $1 trillion. Indeed, if this target is reached, JPMorgan would sit at a market capitalization of approximately $1.07 trillion.
Exxon Mobile (NYSE: XOM)
Already by February 26, 2026 has been a year of exceptionally strong performance for oil companies and, among them, Exxon Mobile (NYSE: XOM) is in the strongest position to aim for the trillion-dollar club.
The company has, after rallying an impressive 21.53% in the year-to-date (YTD) chart, reached a stock price of $149.06 and a valuation of $621 billion.
Thus, the press time average price target of $142.40 is likely an underestimate – especially with the overall rating being a ‘Buy’ – as TradingView’s aggregate forecast takes into account all predictions and ratings made within the last three months.
XOM shares were trading at about $115 three months ago and have, therefore, rallied some 30% from the time the oldest represented price targets were issued.
Under the circumstances and given that the White House continues to be amicable toward oil companies, an explosive rally for Exxon Mobil and its peers can be anticipated with relative certainty.
Furthermore, both the AI boom – given its ravenous hunger for energy – and the geopolitical instability – considering the supply pressure it is already generating and can create should the conflicts escalate – represent tailwinds for fossil fuel companies.
Featured image via Shutterstock
