Microsoft passes Apple to become the world’s most valuable company

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Microsoft passes Apple to become the world’s most valuable company

UnitedHealth Group (UHG) is US-based healthcare and insurance company with a market cap of $476.32 billion. UHG was incorporated in the year 1977 and offered health care services and insurance. Apple Inc, a Cupertino-based American tech company, is the most valuable company in the world, with a record market cap of $ 2.294 Trillion. Apple is the most successful brand, with a revenue of $275 billion dollars as of 2023. It was founded in the year 1976 by three tech wizards – Steve Wozniak, Ronald Wayne, and Steve Jobs. Finance experts use different metrics to know the value of a company, and one such popular parameter is based on market capitalization, which is commonly referred to as market cap in stock market terminology.

  • Omaha, Nebraska-based Berkshire Hathaway has a market cap of $615.41 Billion with revenue of $346.04 billion as of 2021.
  • Over the past half century, Walmart has risen in ranks with outlets in nearly every state and the company employs more than 2 million workers throughout the national chain.
  • This article is about the top 20 richest companies in the world in the listed market.
  • Readers should note that lists like this, while informative, are somewhat subjective, as no single metric exists for determining valuation for brands.

They offer a wide range of health care products and are one of the most well-known brands in America. Johnson and Johnson products are made for people in every stage of their lives and they review faithful finance bring the world home health care products of all types. JPMorgan Chase has a long history of success as an American institution with a long history that goes back more than two centuries.

Based in Santa Clara, California, the company was founded in 1993 and now has a global presence. NVIDIA’s GPUs are used in a wide range of applications, including gaming, professional visualization, data centers, and artificial intelligence (AI). TSM has a strong track record of innovation and has consistently ranked as one of the top companies in the semiconductor industry. TSM has a diversified customer base and operates globally, with facilities in Taiwan, China, Singapore, and the United States. Here is the list of the world’s most-valuable companies, ranked by market capitalization, according to Bloomberg.

Also known as Sinopec, China Petroleum & Chemical is among the largest oil refining, gas, and petrochemical companies in the world. It is administered nord fx forex broker review by the State Council of the People’s Republic of China. Founded in 1962, Walmart has since grown into one of the world’s largest retailers.

Meta, formerly Facebook, is no longer one of the world’s top 10 most-valuable companies

The company operates discount stores, supercenters, neighborhood markets, as well as a robust online platform. Walmart sells a wide variety of merchandise including clothing and apparel, home goods, books, jewelry, food and beverage, pharmaceutical supplies, and automotive equipment. Pringles and Kellogg’s owner P&G has a market capitalisation of $335.9bn and made an estimated $18.8bn in 2021 from increased revenues of $76.1bn. The second Chinese company in the top 20 is a partially state-owned maker of Maotai baijiu spirits with a market cap of $355.9bn.

In the past year America’s Apple reached the figure of $1 Trillion but has since declined yet it was an exciting day on Wall Street to say the least. With new trading taking place during market hours, it’s tough to say who is going to stay on top for long, but there has been general stability in the mega companies who occasionally trade places in the top ten slots. ExxonMobil is a multinational oil and gas corporation headquartered in Texas. It explores for oil and gas or markets its products, or both, in most of the world’s countries. Its gasoline stations are a familiar sight to drivers worldwide, although the brand names they display may be ExxonMobil, Esso, Exxon, or Mobil depending on the locale. ExxonMobil’s corporate name reflects the 1999 merger that combined two giants of the industry.

#89 Bank of Nova Scotia

We add the caveat that two other companies that otherwise would be added to this list are Saudi Aramco, the Saudi state oil company; and State Grid, the Chinese state-owned electric utility. They were omitted because their stocks are not publicly traded in the U.S. or Canada. The financial services and payments multinational is just behind Exxon on $429bn, with 2021 revenues of $24.1bn and income of $15.8bn. After a number of years during which US tech giants rode Trump-era tax cuts to record valuations, 2022 has seen some of the world’s biggest companies take a battering on the stock market. Walmart Inc is a US-based retail giant that operates hypermarkets and grocery stores with a revenue of $559 billion. Founded in the year 1998 by five members – Pony Ma, Zhang Zhidong, Xu Chenye, Chen Yidan, and Zeng Liqing, Tencent is the first Asian tech company to surpass the $500 billion market cap in 2018.

Verizon Communications, Inc. provides entertainment and communications products and services to customers around the world. They operate within the wire line and wireless segments of the market, supplying goods and services for government agencies, businesses and individual consumers. The New York, NY company first began operation in 1983 and has been providing video, voice, and date equipment, services and packaged solutions for a wide variety of users. Some foreign companies may report semiannually, and so may have longer lag times.

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The software and fabless designer comes 13th with a valuation of $436.6bn, with revenues of $26.9bn and profits of $9.8bn in 2021. Paris-based LVMH is the largest company in France and employs approximately 83,000 people. As of 2021, it has 10,526 retail stores operating in 24 different countries. It is one of the world’s largest employers providing employment to 2.2 million workers across the globe. Nvidia is a California-based American company that designs graphics processing units (GPUs) and application programming interfaces (API) with sales of $16.68 billion.

Notably, the top ten companies accounted for 76% of the entire market with a joint value of N27.67 trillion. It is also worth noting that eight of the ten companies are valued above N1 trillion. After its stock rout this year, Meta is no longer one of the world’s 10 most-valuable companies. Microsoft beat revenue expectations in its fiscal first quarter, which climbed about 22% year over year. Mr. Musk and X’s chief executive, Linda Yaccarino, have been focused on bringing advertisers back to the platform.

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It is one of the most diversified and largest company within the food and beverage industry. They provide packaged goods for more than 190 countries throughout he world. The US based company is among the largest computer chip producers in the world today with a control over ninety percent of the microprocessor market today. The majority of the chips made by Intel are manufactured within the company itself with very few procured from other resources.

This Financial Times–based list is up to date as of December 31, 2018[update]. This Financial Times–based list is up to date as of December 31, 2019[update]. This Financial Times–based list is up to data as of December 31, 2020[update].

Oliver Chace founded it as the Valley Falls Company and later merged with the Berkshire Cotton Manufacturing Company in 1955. Berkshire Hathaway is led by Chairman and CEO Warren Buffett, who is widely regarded as one of the most successful investors in the world. Along with its software products, Microsoft also offers personal computers, gaming consoles, and mobile devices.

One in 16 commercial vehicles now fully electric

Tesla is committed to sustainability and innovation, and this focus has contributed to its continued growth and success. Aside from its search engine and other web-based products, Google also offers Android how does psychology affect trade operating systems, Google Home smart speakers, and Google Pixel smartphones. With a history of introducing innovative products and technologies, Alphabet Inc. is known for its strong R&D efforts.

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