World's Top 7 Most Valuable Companies By Market Cap.
Top most valuable companies in the World: As tech innovations and interest in them are shaping the global economy, investors are keen to observe the market capitalisation of the leading companies.
In this article, we will give a detailed view of the top 7 companies in the world by market cap.
World's top 7 most valuable companies by market cap
1. Microsoft
🔸Market cap - $2.991 trillion (as of March 05- Data - companiesmarketcap.com)
🔸Established: 1975
Considering the popularity and relevance of the Windows operating system, Microsoft as the world's most valued company is not a surprise. It has been ranked as one of the largest companies in the world. Although the company is widely known for Windows, Microsoft has a variety of services which are being used worldwide. This includes Office Suite software, surface computer and tablets, Azure cloud platform, Xbox video game consoles, among others.
2. Apple
🔸Market cap: $2.626 trillion (By March 05 Data- companiesmarketcap.com)
🔸Year Of Establishment: 1976
Apple is known for building high-quality products including laptops, phones, tablets, watches, earbuds, etc. It has a strong brand loyalty worldwide, based on which Apple became the world's most valuable company in 2011 for the first time. It has held the top spot for the majority of years in the last decade and is still not far away from Microsoft. Apple was the first company to hit a market cap of USD 1 trillion, USD 2 trillion and USD 3 trillion.
3. NVIDIA
🔸Market cap: $2.149 trillion (as of March 5 - Data- companiesmarketcap.com)
🔸Year founded: 1993
Nvidia has been in the news for a while as its shares have been on a bullish trend for almost a fortnight. The tech giant develops and manufactures graphics processing units (GPUs), which are primarily used in PC and video games. GPUs made by NVIDIA are in high demand as they play a crucial role in the training and operation of AI applications.
AI Boom is boosting Nvidia Stock as its market cap is continuously rising.
4. Saudi Arabian Oil
🔸Market cap: $2.04 trillion (as of March 5 Data- companiesmarketcap.com)
🔸Established in: 1933
Saudi Arabian Oil (Saudi Aramco), is a state-owned energy and chemical company. The company has the highest daily oil production and the second-largest proven crude oil reserves of all oil companies.
The oil demand has undoubtedly remained high and that helped the company claim the top spot in terms of market cap in 2022.
5. Amazon
🔸Market cap: $1.808 trillion (as of March 5- companiesmarketcap.com)
🔸Established in: 1994
Amazon, the E-commerce leader in the world, was founded as an online bookstore. It has achieved various unbelievable feats over the past three decades. The online platform is now a site where people can buy practically anything, and it's the largest online retailer in the world.
🔸Services provided by Amazon
• Amazon Prime service has more than 200 million users worldwide.
• Amazon Web Services (AWS) is the world's largest cloud provider.
• Amazon Prime video streaming service
Video game streaming through Twitch
6. Alphabet
🔸Market cap: $1.655 trillion (as of March 5- companiesmarketcap.com)
🔸Established: in 1998 as Google, later named change to Alphabet in 2015
Alphabet is the parent company of Google. It was created by the restructuring of Google in 2015. We all know Google is the most famous and most used search engine in the world. However, Google is one of the Alphabet products. It has Gmail, YouTube, a video streaming giant, Google Maps, and Pixel smartphones as well.
7. Meta Platforms (Facebook, Instagram, Whatsapp)
🔸Market cap: $1.249 trillion (as of March 5- companiesmarketcap.com)
🔸Established in: 2004
Meta, formerly known as Facebook, rebranded in 2021 with an announcement to focus on building the Metaverse. Currently, Facebook and Instagram are the biggest products of the company.
The company also owns WhatsApp and Messenger. Meta generates most of its revenue from advertising.
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