Amazon.com, Inc. (NASDAQ:AMZN) market cap exceeded that of Alphabet, Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) early this week making it the second most valuable company. It’s stock price of over $1,500 per share now values the company at about $766 billion just about $100 million below Apple, Inc. (NASDAQ:AAPL)’s market cap of $869 billion.

At the moment, this looks like a very competitive race to a market cap of $1 trillion between the two technology giants. However, based on recent performances, it looks like there is only going to be one winner, Amazon.com. The company’s stock price has rallied tremendously over the last few months in the process making Founder and CEO, Jeff Bezos, the richest person on earth with an estimated net worth of over $131 billion.

Unlike Apple, Amazon is yet to do a major stock split. Apple split its shares 7 for 1 in 2014 to add to the three previous splits of 2 for one each, which implies that its stock could be trading at a much higher price in dollar terms had it not been split on four occasions.

So, if Amazon was to split its stock, say, 20 for one effectively pricing it at about $75 per share, then on paper, it might appear a lot cheaper and affordable to most retail investors. This might trigger a rise in demand, which could push its stock price to $100 per share. At $75, $100 looks very achievable, which would imply a 33% increase in the company’s market value.

Effectively, this will easily push the stock to over $1 trillion, thereby making it the most valuable company in the world, a fitting title to go with the world’s richest person as its CEO and founder.

Already, there are several reports hinting at a possible Amazon stock split in 2018. And while it is not clear what the nature of the split will be, clearly, Amazon has a good shot at overtaking Apple to top $1 trillion in market cap.

The race is close, but it looks like there will be only one winner.

Disclosure: I have no position in any stock mentioned in this article.