Trillion-dollar companies: 6 most valuable tech giants
- By BRIAN BAKER,
- Bankrate.com
- – 06/19/2024
The most valuable companies in the world have grown to impressive heights in recent years, with six publicly traded companies reaching market capitalizations of $1 trillion or more. All six companies come from the tech sector, with many offering products and services that consumers use every day.
Nvidia (
Here are the largest publicly traded companies and members of the trillion-dollar club.
What is market capitalization and what does it mean?
A company’s market capitalization is equal to the total value of its outstanding shares. Market cap can be calculated by multiplying a company’s stock price by its shares outstanding. For example, a $10 stock with 1 billion shares outstanding would have a market cap of $10 billion.
Market cap is used to measure what a company is worth at a given time.
Trillion-dollar companies
*Market cap data as of June 18, 2024.
1. Nvidia
Semiconductor company Nvidia crossed the trillion dollar mark in May 2023, and quickly climbed to the top spot as investors bid up its shares in anticipation of a sustained boom in AI. Nvidia designs advanced chips that are used in AI systems and its shares are up more than 170 percent in 2024 as of June. It ended 2023 up a remarkable 246 percent from the start of the year. The company generated about $27 billion in revenue during its fiscal 2023.
- Market cap: $3.34 trillion
- Stock price: $135.58
2. Microsoft
Microsoft is best known for its suite of software offerings including Microsoft Office. The company generated nearly $212 billion in sales during its 2023 fiscal year. Microsoft closed its $69 billion acquisition of video game maker Activision Blizzard in October 2023.
- Market cap: $3.32 trillion
- Stock price: $446.34
3. Apple
Apple designs and makes a variety of consumer tech products and has one of the best known brands in the world. Apple generated more than $200 billion in iPhone sales during its fiscal 2023 and total sales reached $383 billion. Warren Buffett’s Berkshire Hathaway (
- Market cap: $3.29 trillion
- Stock price: $214.29
4. Alphabet
Alphabet (
- Market cap: $2.17 trillion
- Stock price: $176.45
5. Amazon
Amazon (
- Market cap: $1.90 trillion
- Stock price: $182.81
6. Meta Platforms
Social media giant Meta Platforms (
- Market cap: $1.27 trillion
- Stock price: $499.49
Note: Electric-vehicle maker Tesla (
Editorial Disclaimer: All investors are advised to conduct their own independent research into investment strategies before making an investment decision. In addition, investors are advised that past investment product performance is no guarantee of future price appreciation.