Did you know 9 of the world’s top 10 richest companies are in tech?

December 29, 2024
Did you know 9 of the world's top 10 richest companies are in tech?

With the shifts in the global economy, the market capitalization of major companies has become a topic of interest for many. People are particularly curious about which companies are experiencing a growth in their valuation.

According to Forbes, nine of the top ten companies by market capitalization this year belong to the technology sector. Today, we take a brief look at these companies:

RankCompanyMarket Value (in Trillion USD)Sector
1Apple3.58Technology
2NVIDIA3.38Semiconductors
3Microsoft3.20Technology
4Amazon2.36E-commerce
5Alphabet2.34Technology
6Saudi Aramco1.83Oil and Gas
7Meta1.49Social Networking
8Tesla1.34Electric Vehicles and Green Energy
9Broadcom1.064Technology
10TSMC1.059Semiconductors

1. Apple

  • Current CEO: Tim Cook
  • Established: 1976
  • Country: USA
apple

Apple Inc. is the largest company in the world in terms of market capitalization. Renowned for products like the iPhone, iPad, and Mac, Apple has captivated consumers with its commitment to innovation in technology and its high-quality designs.


2. NVIDIA

  • Current CEO: Jensen Huang
  • Established: 1993
  • Country: USA
nvidia

NVIDIA has gained significant attention in recent years. The company leads in the production of advanced Graphics Processing Units (GPUs). GPUs developed by NVIDIA power popular chatbot technologies such as ChatGPT, Grok, and Gemini.


3. Microsoft

  • Current CEO: Satya Nadella
  • Established: 1975
  • Country: USA
microsoft 1

Microsoft Corporation provides key products like the Windows operating system and Office software. Beyond software, Microsoft has expanded its presence in cloud computing and hardware. The company is also making strides in artificial intelligence (AI) to establish a strong foothold in this growing sector.


4. Amazon

  • Current CEO: Andy Jassy
  • Established: 1994
  • Country: USA
amazon 1

Amazon.com Inc. is the world’s largest e-commerce company. Its cloud computing platform, Amazon Web Services (AWS), is among the most widely used systems. Amazon also owns Prime Video, a globally popular video streaming platform.


5. Alphabet (Google)

  • Current CEO: Sundar Pichai
  • Established: 1998
  • Country: USA
google 2

Alphabet Inc. is the parent company of Google. While Google was established in 1998, it was rebranded as Alphabet in 2015. This company is active in areas such as search engines, online advertising, cloud computing, software, and hardware. Alphabet’s current market capitalization exceeds $2.348 trillion.


6. Saudi Aramco

  • Current CEO: Amin H. Nasser
  • Established: 1933
  • Country: Saudi Arabia
Saudi Aramco

Saudi Aramco is active in the oil and gas industry. It is one of the few non-technology companies to secure a place among the top ten companies by market capitalization.


7. Meta Platforms (Facebook)

  • Current CEO: Mark Zuckerberg
  • Established: 2004
  • Country: USA
Meta

Meta Platforms is a leader in the social networking domain. Formerly known as Facebook, the company was rebranded as Meta. Its platforms, including Facebook, Instagram, Threads, and WhatsApp, are among the most widely used globally. Recently, Meta has been focusing on advancements in the metaverse.


8. Tesla

  • Current CEO: Elon Musk
  • Established: 2003
  • Country: USA
Tesla

Tesla Inc. is known for its work in electric vehicles and green energy production. The company’s automated Tesla cars are among the best-selling vehicles globally. Besides cars, Tesla has recently been focusing on developing automated robots.


9. Broadcom

  • Current CEO: Hock E. Tan
  • Established: August 1991
  • Country: USA
broadcom

Based in California, Broadcom has made its way into the world’s top ten companies by leveraging the growth in the semiconductor industry. In December 2024, this technology company surpassed a market valuation of $1 trillion. Its current valuation stands at $1.064 trillion. Broadcom designs, develops, manufactures, and supplies semiconductors and infrastructure software globally. The production of specialized AI chips for major AI players has become particularly profitable for Broadcom.


10. TSMC

  • Current CEO: C.C. Wei
  • Established: 1987
  • Country: Taiwan
TSMC

Taiwan Semiconductor Manufacturing Company (TSMC) is a leading company in the semiconductor industry. It is also the world’s largest independent semiconductor foundry. TSMC’s advanced production capabilities and its role as a key supplier of components for various electronic devices have earned it a significant position in the market valuation rankings.

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