In the ever-changing landscape of the global economy,the leading companies by market capitalization They have become a source of analysis for investors, market enthusiasts and even casual observers. In the third month of 2024, the top 10 of the so-called megacaps has had a lot of movement, with the recent entry of Nvidia to the top 5, the departure of Tesla and now, the advance of another semiconductor giant that climb positions in the prestigious ranking.
In the first three months of the year, as mentioned, Nvidia overtook Amazon and took fifth place in the top 10, then surpassed and left behind Alphabet, Google’s parent company, and then take over Saudi Aramco’s position. This way, Nvidia gets into the top 3 of the rankingbut there the competition is much tougher, since the first place is occupied Microsoft (US$3.04 billion) and Manzana (US$2.61 billion).
For this Friday, March 8, Taiwan Semiconductor Manufacturing Company (TSMC) climbs one position and takes the number 9 position in the ranking, thus displacing Eli Lilly and Company, one of the largest pharmaceutical companies in the world and confirming the strong advance of semiconductor companies like Nvidia.
What is the market capitalization of a company?
Market capitalization, sometimes referred to as “Marketcap”, is the value of a publicly traded company. In most cases, it can be easily calculated by multiplying the stock price by the number of shares outstanding.
Although technology companies They seem to dominate the top of the ranking securities, there are other sectors represented, such as oil, insurance, medical companies and luxury brands.
Tesla: the exit from the top 10
Tesla shares experienced a sharp drop in 12% at the market opening after presenting results that disappointed the market at the end of January. This erased US$80 billion of the market value of the company. This drop occurs after Tesla warned of a possible slowdown in the growth of sales of its electric vehicles and the growing threat posed by Chinese competition. Thus, Tesla left the top 10 companies by marketcap and entered its place, Taiwan Semiconductor Manufacturing Company, the world’s third largest semiconductor manufacturer, behind Intel and Samsung.
In its earnings presentation, the world’s most valuable automaker mentioned that its sales growth this year could be “notably lower” than the previous year. This is because the company is in the development phase of its “next generation vehicle”which will likely be a lower-priced model.
Top 10 companies in the world by market capitalization as of February 16, 2024
1- Microsoft
Microsoft is an American company that develops and distributes software and services such as a search engine (Bing), cloud solutions, and the Windows computer operating system.
Market capitalization: US$3.04 billion.
2- Apple
Apple Inc. is an American hardware and software developer, as well as a technology company. The apple firm also manages internet sales portals for music, movies and software.
Market capitalization: US$2.6 billion.
3- Nvidia
Nvidia Corporation is one of the largest developers of graphics processors and chipsets for personal computers and game consoles. The headquarters are located in Santa Clara, California.
Market capitalization: US$2.3 billion.
4 – Saudi Aramco
Saudi Aramco is Saudi Arabia’s national oil and natural gas company. As of 2020, it is the largest oil company in the world and has the second largest proven reserves of crude oil in the world.
Market capitalization: US$2 billion.
5 – Amazon
Amazon.com, Inc. is an American online retailer with a wide range of products. According to its own information, Amazon, as the market leader in online commerce, has the world’s largest selection of books, CDs and videos.
Market capitalization: US$1.8 billion.
5 – Alphabet (Google)
Alphabet Inc. is a listed American parent company of the former Google, which continues to exist as a subsidiary. The headquarters are located in Mountain View, in Silicon Valley.
Market capitalization: US$1.6 billion.
7 – Meta Platforms (Facebook)
As of January 2024, Meta Platforms ranks as the seventh most valuable company in the world by market capitalization.
Market capitalization: US$1.2 billion
8 – Berkshire Hathaway
Berkshire Hathaway Inc. is an American holding company whose conglomerate includes more than 80 firms with activities spanning a wide range of business areas, including insurance, rail freight transportation, energy supply, financial services, manufacturing, and wholesale and retail trade. retail. The president is the major American investor and billionaire Warren Buffett.
Market capitalization: US$870.5 million
9 – TSMC
Taiwan Semiconductor Manufacturing Company It is the world’s third largest semiconductor manufacturer, behind Intel and Samsung, and the largest independent contract manufacturer of semiconductor products. The company was founded in 1987. The headquarters and main parts of the company are located in Hsinchu, Taiwan.
Market capitalization: US$773.9 million
10 – Eli Lilly
With more than 33,000 employees worldwide, manufacturing facilities in 13 countries and annual sales of more than $22 billion worldwide, Eli Lilly and Company is one of the world’s largest pharmaceutical companies. It was founded in Indianapolis, United States in 1876 by the pharmacologist, officer and businessman Eli Lilly.
Market capitalization: US$741.2 million.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
