Company size on the stock exchange is generally quantified by way of market capitalization, which is calculated by multiplying the number of outstanding shares by the present share price. When investors discuss the most considerable organizations listed, they commonly reference magnitude relating to the market cap instead of employee headcount or gross earnings.
While no sole commercial domain controls the list of the top 10, over half of these corporations are linked to the tech business. This underscores the technology sector as one of the biggest contributors to the marketplace, especially for people keen on putting resources into AI-connected ventures. Just as employee numbers and income statements provide context, market value delivers a perception of which firms hold the most comprehensive clout in the economic climate based on the summed valuation of shares. The exponential increases of tech giants over the past decade exemplify how disruptive inventions can elevate a company from a promising startup to a global powerhouse in a relatively abbreviated period.
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List of 10 Largest Companies In The World By Market Cap 2024
While Apple claimed the top spot with a market capitalisation of 2.75 trillion U.S. dollars in May 2023, the remaining positions in the top five were held by some of the most globally recognised brands. Microsoft, the Saudi Arabian Oil Company (Saudi Aramco), Alphabet (Google's parent company), and Amazon rounded out the top five companies by market capitalisation. Notably, in 2022, Saudi Aramco led the ranking of the world's most profitable companies, boasting a pre-tax income exceeding 300 billion U.S. dollars. The complete list of the 10 largest companies in the world by market cap is below:
| Rank | Name | Market Cap | Price | Today | Country |
| 1 | Apple | $3.434 T | $225.89 | 0.07% | USA |
| 2 | NVIDIA | $3.197 T | $130.00 | 4.35% | USA |
| 3 | Microsoft | $3.133 T | $421.53 | 0.73% | USA |
| 4 | Alphabet | $2.061 T | $168.40 | 2.22% | USA |
| 5 | Amazon | $1.870 T | $178.22 | 0.66% | USA |
| 6 | Saudi Aramco | $1.828 T | $7.56 | 0.18% | S. Arabia |
| 7 | Meta Platforms | $1.338 T | $529.28 | 0.35% | USA |
| 8 | Berkshire Hathaway | $967.00 B | $448.77 | 0.96% | USA |
| 9 | TSMC | $909.89 B | $175.45 | 0.52% | Taiwan |
| 10 | Eli Lilly | $830.02 B | $921.81 | 0.03% | USA |
Nvidia, positioned at 6th place in the list of top companies by market capitalisation, has garnered significant attention due to its remarkable profitability in the previous quarter of 2023. The company is well-regarded for its expertise in producing stand-alone GPUs (graphics processing units). Notably, Nvidia's GPUs play a crucial role in powering generative AI platforms such as OpenAI's ChatGPT and Google's Bard. The widespread popularity of Nvidia is attributed to its leadership in the GPU market and its noteworthy financial performance compared to many industry counterparts.
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Largest Companies In The World By Market Cap 2024
1. Apple
Market cap: $3.37 trillion
Headquarters: Cupertino, CA
Founded: 1976
Sector: Technology
Company focus: Software and Hardware
Apple made history in June 2023 as it became the first publicly traded company to attain a market capitalization of $3 trillion, demonstrating the immense influence and success of the consumer electronics giant on a global scale. While Apple's market value saw a minor pullback in the early months of 2024, it reclaimed the title of world's most valuable company from Microsoft on June 12th following the unveiling of revolutionary new initiatives in artificial intelligence that were poised to transform how people interact with technology. Their breakthrough "Apple Intelligence" platform amalgamates Conversation ML technology akin to ChatGPT within the immensely popular digital assistants Siri and Apple's Writing Tools, representing a giant leap forward that could fundamentally change the way humans engage with AI. With its ambitious foray into artificial intelligence demonstrating an unwavering commitment to remaining on the cutting edge of innovation, Apple solidified its status as the preeminent name in both consumer electronics and advanced AI research and development based on market capitalization.
2. NVIDIA (NVDA)
Market cap: $2.64 trillion
Headquarters: Santa Clarita, CA
Founded: 1993
Sector: Technology
Company focus: PC hardware and AI
NVIDIA is a Silicon Valley corporation primarily focused on designing graphics processing units for visual computing and AI. While GPUs remain central to video games and professional design, NVIDIA's innovations in deep learning hardware and software powered recent advances in artificial intelligence. By housing thousands of Tensor Cores within each chip, NVIDIA GPUs excel at dense numerical calculations required for neural networks, catapulting the company into the top tier of American businesses by market capitalization. Currently holding a semiconductor market share upwards of 90% for AI workloads, NVIDIA found itself at the core of ChatGPT's capabilities and other widely-used large language models. Most recently, in collaboration with Meta, NVIDIA AI launched the Llama programming framework to simplify customized AI service development for large enterprises, underscoring NVIDIA's leadership role in bringing generalized artificial intelligence to businesses worldwide.
Note: The list will be updated as soon as the latest data is available. The list is based on a report by companiesmarketcap titled, “Largest Companies by Market Cap”.
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