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November 19, 2024 | 03:23 pm
TEMPO.CO, Jakarta - In today’s economy, where inflation becomes more present, keeping track of the list of trillion-dollar companies proposes many valuable insights for investors alike. As per recent reports, the catalog is still largely dominated by tech companies whose market caps never slow down.
Let’s take a look at the world’s giant companies, which celebrate their success as trillion-dollar companies according to Bank Rates and Visual Capitalist.
Trillion-Dollar Companies in November 2024
With Elon Musk’s Tesla rejoining the high-ranking club, the list of trillion-dollar companies is still pretty much exclusive to tech holdings. Read on to follow the updates below.
1. NVIDIA ($3.62 trillion)
Established in 1993, Nvidia entered the market with 3D graphics services for multimedia and gaming companies. As one of the world’s data center chip leaders, its primary fortune comes from selling graphics processors and chipsets.
NVIDIA Corporation made a dramatic jump in their revenue, bouncing from $26.87 billion in 2022 to $60.92 billion in 2023. The company’s latest financial reports show there is still significant growth this year, generating a current revenue of $79.77 billion.
2. Apple ($3.43 trillion)
Apple is a well-known trillion-dollar company in the world, with a market cap touching the base of $3.43 trillion. According to Bank Rate, the company made more than $200 billion just from the iPhone sales during its fiscal 2023.
Apple made a revenue of $387.53 billion in 2022 and ended the year 2023 with a total amount of $385.70 billion in revenue. It’s foreseen that the company will take a leap of revenue this year compared to their previous ones.
3. Microsoft ($3.14 trillion)
Renowned to be a leading software distributor, Microsoft has long solidified their name in the tech industry. Recently, the company’s market cap was recorded to be $3.14 trillion, making it a powerhouse within the economy.
Quoting from Microsoft’s latest financial reports, the company has generated a total revenue of $245.12 billion, marking a significant jump from the previous years.
4. Alphabet ($2.20 trillion)
At a $2.20 billion market cap, Alphabet, the parent holding of search engine Google, made a round of the trillion-dollar company. The company generated growing revenue for the past years as follows: $282.83 billion in 2022, $307.39 billion in 2023, and the current one achieving approximately $328.28 billion according to Alphabet's (Google's) recent financial reports.
5. Amazon ($2.20 trillion)
The world’s most influential e-commerce company in modern days, Amazon, follows suit with its rough sales recorded at $575 billion in 2023. Despite ranking in the middle of the list, Amazon has fairly the one with the largest revenues among the contenders, with their latest one reaching $604.33 billion.
6. META Platform ($1.48 trillion)
META Platform, which oversees social media giants like Facebook, Instagram, and Whatsapp, earned a market cap of $1.48 trillion. With their latest AI expansion, which integrates the system into virtual reality and communicating mean translation, META has noticed a jump in their revenue for the past years.
7. TSMC ($1.04 trillion)
TSMC, abbreviation for Taiwan Semiconductor Manufacturing Company, is a giant semiconductor manufacturer whose market cap reaches $1.04 trillion as of the current moment. According to a Bank Rate report, the company is considering an expansion to advanced economies like the US and Germany.
8. Tesla ($1.02 trillion)
As Elon Musk’s one of the most primary businesses, Tesla has had multiple strong investors since its first appearance. The company has recently surpassed another trillion-dollar indicator by market cap, owing to the winning of Donald Trump in the latest presidential election.
In a world where the global economy evolves at a rapid pace, these trillion-dollar companies continue to shape industries, economies, and consumer behaviors alike.
Editor’s Choice: Top 10 Biggest Tech Companies in the World
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