The size of companies on stock exchanges is usually quantified by market capitalization, which is calculated by multiplying the number of outstanding shares by the current share price. When investors discuss the largest companies listed, they usually refer to market capitalization rather than the number of employees or total revenue.
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While no single business sector dominates the top 10 list, more than half of these companies are related to the tech industry. This highlights that the tech sector is one of the largest contributors to the market, especially for those keen to invest in AI-related businesses. Just as employee headcount and income statements provide context, market value can tell which companies have the most comprehensive influence in the economic environment based on total stock valuation. The rapid growth of tech giants over the past decade shows that disruptive inventions can elevate a company from a promising startup to a global giant in a relatively short period of time.
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List of the world’s top 10 companies by market value in 2024
While Apple tops the list with a market cap of $2.75 trillion in May 2023, the rest of the top five spots are occupied by some of the world’s most recognizable brands. Microsoft, Saudi Aramco, Alphabet (Google’s parent company), and Amazon round out the top five by market cap. Notably, Saudi Aramco topped the ranking of the world’s most profitable companies in 2022, with pre-tax revenues exceeding $300 billion. The full list of the world’s 10 largest companies by market cap is as follows:
| rank | Name | Market Cap | price | today | nation |
| 1 | apple | $3.434 tons | $225.89 | 0.07% | USA |
| 2 | Nvidia | $3.197 ton | USD 130.00 | 4.35% | USA |
| 3 | Microsoft | $31,330 | $421.53 | 0.73% | USA |
| 4 | letter | $2.061 tons | $168.40 | 2.22% | USA |
| 5 | Amazon | $1.870 ton | $178.22 | 0.66% | USA |
| 6 | Saudi Aramco | $18,280 | $7.56 | 0.18% | Saudi Arabia |
| 7 | Meta Platform | $1.338 trillion | $529.28 | 0.35% | USA |
| 8 | Berkshire Hathaway | $96.70 billion | $448.77 | 0.96% | USA |
| 9 | TSMC | $90.989 billion | USD 175.45 | 0.52% | Taiwan |
| 10 | Eli Lilly | $83.002 billion | $921.81 | 0.03% | USA |
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Nvidia, ranked sixth in the list of companies with the highest market capitalization, has attracted much attention due to its outstanding profitability in the last quarter of 2023. The company is widely praised for its expertise in producing discrete GPUs (graphics processing units). Notably, Nvidia’s GPUs play a vital role in powering generative AI platforms such as OpenAI’s ChatGPT and Google’s Bard. Nvidia’s widespread popularity is attributed to its leadership in the GPU market and impressive financial performance compared to many of its industry peers.
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The world’s largest companies by market value in 2024
1. Apple
Market cap: $3.37 trillion Headquarters: Cupertino, California Founded: 1976 Industry: Technology company Focus: Software and hardware
In June 2023, Apple made history by becoming the first public company to reach a market cap of $3 trillion, demonstrating the consumer electronics giant’s massive reach and success around the world. While Apple’s market cap has retreated slightly in early 2024, on June 12th it reclaimed the title of the world’s most valuable company from Microsoft after launching revolutionary new initiatives in AI that promise to change the way people interact with technology. Their breakthrough “Apple Intelligence” platform, which incorporates conversational ML technology similar to ChatGPT into the popular digital assistant Siri and Apple’s writing tools, represents a huge leap forward that could fundamentally change the way humans interact with AI. Apple’s ambitious push into AI demonstrates its unwavering commitment to staying at the forefront of innovation, solidifying its pre-eminence in both consumer electronics and advanced AI R&D based on market cap.
2. Nvidia (NVDA)
Market cap: $2.64 trillion Headquarters: Santa Clarita, California Founded: 1993 Industry: Technology company Focus: PC hardware and AI
NVIDIA is a Silicon Valley company focused on designing graphics processing units for visual computing and AI. While GPUs remain at the heart of video games and professional design, NVIDIA’s innovations in deep learning hardware and software have driven the latest advances in artificial intelligence. By housing thousands of Tensor Cores per chip, NVIDIA GPUs excel at the intensive numerical computations required for neural networks, catapulting the company to become the most valuable company in the United States. NVIDIA currently has over 90% semiconductor market share for AI workloads and is at the heart of the ChatGPT feature and other widely used large language models. Recently, NVIDIA AI partnered with Meta to launch the Llama programming framework to simplify the development of custom AI services for large enterprises, highlighting NVIDIA’s leadership in bringing general artificial intelligence to enterprises around the world.
Note: This list will be updated as soon as data for 2024 is available. This list is based on a report from Statista titled “The 100 Largest Companies in the World by Market Capitalization in 2023”.
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Source: https://dinhtienhoang.edu.vn
Category: Optical Illusion