The world’s most valuable companies have seen impressive rises in recent years, with eight publicly traded companies reaching market caps of around $1 trillion or more. All but one of the companies come from the technology sector, many of which provide products and services that consumers use every day. Several have also made it onto Bankrate’s list of best-performing stocks.
Nvidia briefly took over as the world’s most valuable company earlier in 2024, overtaking Microsoft and Apple, thanks to a business boom driven by demand for artificial intelligence. Nvidia first joined the trillion-dollar club in May 2023 and has since added more than $2 trillion in market value.
Warren Buffett's Berkshire Hathaway joined the ranks of trillion-dollar companies in August 2024 and is the only non-tech company on the list.
sports
Arabic TV
Programs
Miscellaneous
Articles
The last
podcast mix
Advertising material
A collection of logos for the largest companies in the technology sector, including Apple, Microsoft, Google, Nvidia, and Amazon - (iStock)
A collection of logos for the largest companies in the technology sector, including Apple, Microsoft, Google, Nvidia, and Amazon - (iStock)
Companies
The Trillion Dollar Club.. 8 Companies Are at the Top of the Race
Only one outside the tech sector
The world’s most valuable companies have seen impressive rises in recent years, with eight publicly traded companies reaching market caps of around $1 trillion or more. All but one of the companies come from the technology sector, many of which provide products and services that consumers use every day. Several have also made it onto Bankrate’s list of best-performing stocks.
Nvidia briefly took over as the world’s most valuable company earlier in 2024, overtaking Microsoft and Apple, thanks to a business boom driven by demand for artificial intelligence. Nvidia first joined the trillion-dollar club in May 2023 and has since added more than $2 trillion in market value.
Warren Buffett's Berkshire Hathaway joined the ranks of trillion-dollar companies in August 2024 and is the only non-tech company on the list.
After the stock rose by 2.4%, "Nvidia" invades the summit and becomes the second largest company in the world
Financial markets
Companies After the stock rose by 2.4%... "Nvidia" invades the summit and becomes the second largest company in the world
What is the market value of the company?
A company's market capitalization is the total value of its outstanding shares. Market capitalization can be calculated by multiplying a company's share price by its outstanding shares. For example, a stock with a market value of $10 and 1 billion outstanding shares would have a market capitalization of $10 billion.
Market capitalization is used to measure the value of a company at a specific point in time. Below are the largest companies listed on Wall Street and members of the Trillion Dollar Club. The market capitalization data for the companies is as of October 18.
Apple #Apple
Apple designs and manufactures a wide range of consumer technology products and has one of the world's most recognized brands. Apple generated more than $200 billion in iPhone sales in fiscal 2023, with total sales of $383 billion.
While Warren Buffett's Berkshire Hathaway is one of the company's largest shareholders, Buffett has repeatedly praised the tech giant's business, though he has cut Berkshire's stake in the stock in 2024.
Market Cap: $3.58 Trillion
Share price: $235.44
2. NVIDIA #Nvidia
Semiconductor company Nvidia surpassed $1 trillion in value in May 2023, quickly climbing to the top spot as investors rallied its shares in anticipation of a sustained boom in artificial intelligence. Nvidia designs advanced chips used in AI systems and its shares rose more than 170% in the year to October 2024.
The company ended 2023 with a remarkable increase of 246% from the beginning of the year.
The company generated revenues of about $27 billion in fiscal year 2023, and its sales are expected to exceed $120 billion in 2024.
Market Cap: $3.40 Trillion
Share price: $138.39
3. Microsoft #Microsoft
Microsoft is best known for its software suite including Microsoft Office. The company generated nearly $212 billion in sales in fiscal year 2023.
Market Cap: $3.10 Trillion
Share price: $417.70
4- Alphabet #alphabet
Alphabet is the parent company of search giant Google and generates the majority of its more than $307 billion in revenue from online advertising. Google also has a cloud business and owns YouTube.
Market Cap: $2.04 Trillion
Share price: $166.30
5. Amazon #amazon
Amazon is the world's largest online retailer and has also built a large cloud business in Amazon Web Services. Amazon had total sales of about $575 billion in 2023, including more than $90.8 billion from its cloud business. Amazon co-founder Jeff Bezos was the world's second-richest person as of October 2024, according to Bloomberg.
Market Cap: $1.98 Trillion
Share price: $188.71
6- Meta Platforms
Social media giant Meta Platforms joined the trillion-dollar club in January 2024, but it’s no stranger to the list. Meta previously hit a market cap of $1 trillion in 2021, when it was still known as Facebook. Meta generated nearly $135 billion in total revenue in 2023 and its stock price jumped about 189% in the same year. In addition to being the parent company of Facebook, Meta also owns Instagram and WhatsApp, and is one of several tech giants betting big on artificial intelligence.
Market Cap: $1.47 Trillion
Share price: $581.82
7. TSMC
TSMC is the world’s largest semiconductor manufacturer and has a dominant position in making the most advanced chips for customers such as Nvidia and Apple. The company is seeking to expand its global presence beyond Taiwan to places including the United States and Germany as it looks to mitigate potential geopolitical risks from China.
Market Cap: $1.05 Trillion
Share price: $202.86
8- Berkshire Hathaway
Berkshire Hathaway is the conglomerate run by legendary investor Warren Buffett. The company operates in a wide range of industries including insurance, railroads, retail, and manufacturing. Berkshire's investment portfolio includes stakes in companies such as Apple, Coca-Cola, American Express, and Chevron.
Market Cap: $999.4 Billion
Share price: $464.06
It is worth noting that the market value of the electric car manufacturer Tesla exceeded one trillion dollars, but its share price has since fallen below that level.
