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Curious about the biggest companies shaping the global market? Explore the top 10 companies by market capitalization in 2024 and their profound influence.
In today’s rapidly evolving global economy, the most valuable companies capture the attention of investors, analysts, and the public alike. This article provides an overview of the top 10 companies by market cap in 2024, shedding light on their sectors and far-reaching impact.
Apple remains the world’s most valuable company by market cap, continuing to lead and shape the tech industry.
Here’s a rundown of the top 10 companies by market capitalization in 2024:
| Company | Sector | Market Cap (in USD) |
|---|---|---|
| Microsoft | Technology | $3.342 trillion |
| Apple | Technology | $3.160 trillion |
| Nvidia | Technology | $2.781 trillion |
| Alphabet (Google) | Technology | $2.065 trillion |
| Amazon | E-commerce | $1.899 trillion |
| Saudi Aramco | Oil & Gas | $1.820 trillion |
| Meta Platforms | Social Media | $1.181 trillion |
| Berkshire Hathaway | Diversified Investments | $943.63 billion |
| TSMC | Semiconductors | $839.83 billion |
| Eli Lilly | Pharmaceuticals | $724.48 billion |
Let’s take a closer look at the top 10 companies by market capitalization highlighted in the table above.
Microsoft
- Current CEO: Satya Nadella
- Founded in: 1975
- Headquartered in: USA
Microsoft Corporation is renowned for its flagship products, including the Windows operating system and Office software suite. The company also plays a significant role in cloud computing and hardware, maintaining its position as one of the top revenue-generating companies.
Apple
- Current CEO: Tim Cook
- Founded in: 1976
- Headquartered in: USA
Apple Inc. is the world’s largest company by market capitalization. Renowned for its groundbreaking products such as the iPhone, iPad, and Mac, Apple consistently sets the standard in both technology and design. With a focus on premium, innovative products, it remains a top choice for consumers and a dominant force among the world’s leading companies.
Nvidia
- Current CEO: Jensen Huang
- Founded in: 1993
- Headquartered in: USA
Nvidia has gained significant popularity recently, driven by its impressive profits and surpassing many competitors. The company is renowned for its high-performance GPUs (graphics processing units), which are crucial for generative AI platforms like OpenAI’s ChatGPT and Google’s Bard.
Alphabet (Google)
- Current CEO: Sundar Pichai
- Founded in 2015
- Headquartered in: USA
Alphabet Inc., the parent company of Google, provides a wide range of products and services, including search engines, online advertising, cloud computing, software, and hardware. With Google’s vast influence in the digital space, Alphabet remains a dominant player among the top companies by market cap.
Amazon
- Current CEO: Andy Jassy
- Founded in: 1994
- Headquartered in: USA
Amazon.com Inc. is the world’s largest e-commerce company. It has diversified into cloud computing, digital streaming, and artificial intelligence. With its vast product offerings and dominant position in online retail, Amazon remains a key player among the top companies by market cap.
Saudi Aramco
- Current CEO: Amin H. Nasser
- Founded in: 1933
- Headquartered in: Saudi Arabia
Saudi Aramco is a dominant force in the oil and gas industry, currently ranking as the third-largest company globally by market capitalization. The company’s influence is bolstered by Saudi Arabia’s vast oil reserves and its strategic position in the Middle East, making it a cornerstone of the nation’s economy.
Meta Platforms (Facebook)
- Current CEO: Mark Zuckerberg
- Founded in: 2004
- Headquartered in: USA
Meta Platforms, previously known as Facebook Inc., is a dominant force in the social media landscape. It owns popular platforms such as Instagram, WhatsApp, and Oculus. Meta is also dedicated to advancing the metaverse—a virtual 3D world offering immersive experiences. Through its Oculus division, Meta provides cutting-edge virtual reality experiences, allowing users to interact as if they were in the real world.
Berkshire Hathaway
- Current CEO: Warren Buffett
- Founded in: 1839
- Headquartered in: USA
Berkshire Hathaway Inc. is a leading investment firm with a diverse portfolio of businesses. Under the leadership of renowned investor Warren Buffett, the company’s broad investments and effective management strategies help it sustain a high market capitalization.
TSMC
- Current CEO: C. C. Wei
- Founded in: 1987
- Headquartered in: Taiwan
Taiwan Semiconductor Manufacturing Company (TSMC) is a leading force in the semiconductor industry. As the world’s largest independent semiconductor foundry, TSMC is recognized for its cutting-edge manufacturing technology. It supplies essential components for a wide range of electronic devices, positioning itself as one of the top companies by market capitalization.
Eli Lilly
- Current CEO: David A. Ricks
- Founded in: 1876
- Headquartered in: USA
Eli Lilly and Company is a prominent American pharmaceutical company founded in 1876 by Colonel Eli Lilly. Headquartered in Indianapolis, Indiana, the company operates in 18 countries and markets its products in approximately 125 countries worldwide.
Conclusion
In 2024, the biggest companies by market cap span diverse industries and innovations. Apple Inc. leads with its cutting-edge technology, followed by Microsoft Corporation for its software and cloud services. Alphabet Inc. (Google’s parent) and Amazon.com Inc. dominate digital advertising and e-commerce, securing spots in the top five. Other key players include Nvidia, known for its advanced GPUs, Saudi Aramco in the oil industry, Meta Platforms revolutionizing social media and the metaverse, Berkshire Hathaway with its investment empire, Taiwan Semiconductor Manufacturing Company in semiconductors, and Eli Lilly and Company in pharmaceuticals.
