To wrap us this holiday weekend, let's have a little fun. Let's have a look at the biggest, most wealthy companies in the world with a peek at just how big and how wealthy they really are. Have a great week.
JUNE 16, 2023 |
U.S. News Invested
Happy Friday,
investors! Stocks rise as the Fed
rate-hiking pause gives markets breathing room, and Cava soars out of the gate.
The 10 Most Valuable Companies in the World by
Market Cap
Apple Inc. (ticker: AAPL) continues to hold the world's attention as the most valuable company in the world, having taken the top spot in 2011 and kept at or near the top for most of that time. Apple was the first company to reach a market capitalization of $1 trillion in 2018. Now, it leads a grouping of six additional companies that have eased into a trillion-dollar-plus valuation.
Each of these companies have had to overcome a
slew of global obstacles, including continued pandemic recovery, worker needs
and demands, supply chain challenges and the economic complications from the Russian-Ukraine
conflict, while taking advantage of the quickening pace of
technology, especially in the artificial
intelligence realm. Additionally, they are facing
pressure for climate
sustainability and social credentials to satisfy a broader
range of global needs and individual perspectives.
Let's count down the 10 most valuable companies in
the world for 2023 by market capitalization:
10. Taiwan Semiconductor Manufacturing Co.
Ltd. (TSM). One of only two international corporations on the top
10 list, Taiwan Semiconductor Manufacturing is Taiwan's most valuable company
and is headquartered in Hsinchu, Taiwan. With its status as the world's most
valuable semiconductor
company, it works with many key global firms, including
Apple and Nvidia on this list. Its goods allow consumers to utilize
electronics, automotive, communication and computing applications.
9. Meta Platforms Inc. (META). Originally known as Facebook Inc. and TheFacebook Inc.,
Facebook began in 2004 at Harvard University in Cambridge, Massachusetts, with
Mark Zuckerberg and four fellow students. Meta Platforms was the culmination of
a complete corporate rebrand in 2021. Meta derives an overwhelming majority of
its revenue (97.5%) from advertisements on its multiple platforms: Facebook,
Instagram, Messenger and WhatsApp.
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COMPANY/MARKET CAPITALIZATION (AS OF JUNE 14)
Apple Inc. (AAPL) $2.89
trillion
Microsoft Corp. (MSFT) $2.51 trillion
Saudi Arabian Oil Co. (2222.SR) $2.18 trillion
Alphabet Inc. (GOOG, GOOGL) $1.57 trillion
Amazon.com Inc. (AMZN) $1.3 trillion
Nvidia Corp. (NVDA) $1.06
trillion
Tesla Inc. (TSLA) $813.9
billion
Berkshire Hathaway Inc. (BRK.A, BRK.B) $734.4 billion
Meta Platforms Inc. (META) $700.52 billion
Taiwan Semiconductor Manufacturing (TSM) $554.75 billion
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