TEMPO.CO, Jakarta – In today’s economy, where inflation is becoming more present, follow the list of billions of dollars companies offers a lot of valuable information for investors. According to recent reports, the catalog is still largely dominated by technology companies whose market capitalization never slows down.

Let’s take a look at the giant companies of the world, who are celebrating their success as billion-dollar businesses according to Bank rates And Visual Capitalist.

Companies worth billions of dollars in November 2024

With the return of Elon Musk’s Tesla to the club of high-ranking companies, the list of companies worth trillions of dollars remains almost exclusive to technology companies. Read on to follow the updates below.

1. NVIDIA ($3.62 trillion)

Founded in 1993, Nvidia entered the market with 3D graphics services aimed at multimedia and gaming companies. As one of the world’s leaders in data center chips, its main fortune comes from the sale of graphics processors and chipsets.

NVIDIA Corporation made a dramatic increase in revenue from $26.87 billion in 2022 to $60.92 billion in 2023. The company’s latest financial reports show that there is still significant growth this year , generating current revenue of $79.77 billion.

2. Apple ($3.43 trillion)

Apple is a well-known billion-dollar company globally, with a market capitalization reaching a base of $3.43 billion. According to Bank Rate, the company earned more than $200 billion from iPhone sales alone in its 2023 fiscal year.

Apple had revenue of $387.53 billion in 2022 and ended 2023 with total revenue of $385.70 billion. The company is expected to see a jump in revenue this year compared to previous years.

3. Microsoft ($3.14 trillion)

Renowned for being one of the leading software distributors, Microsoft has long cemented its reputation in the technology industry. Recently, the company’s market capitalization was recorded at $3.14 trillion, making it a powerhouse within the economy.

Citing Microsoft’s latest financial reports, the company generated a total revenue of $245.12 billion, which is a significant increase from previous years.

4. Alphabet ($2.2 trillion)

With a market capitalization of $2.20 billion, Alphabet, the parent company of search engine Google, has been circling this billion-dollar business. The company has generated increasing revenues over the past few years as follows: $282.83 billion in 2022, $307.39 billion in 2023 and the current reaching around $328.28 billion according to the recent financial reports of ‘Alphabet (Google).

5. Amazon ($2.2 trillion)

Amazon, the most influential e-commerce company in modern times, is following suit with its gross sales recorded at $575 billion in 2023. Although it ranks in the middle of the list, Amazon arguably generates the highest revenue among competitors, with the latest coming in at $604.33 billion.

6. META Platform ($1.48 trillion)

META Platform, which oversees social media giants like Facebook, Instagram and Whatsapp, has reached a market capitalization of $1.48 trillion. With its latest AI expansion, which integrates the system into virtual reality and communicative medium translation, META has noticed an increase in revenue over the past few years.

7. TSMC ($1.04 trillion)

TSMC, short for Taiwan Semiconductor Manufacturing Company, is a giant semiconductor manufacturer with a current market capitalization of $1.04 trillion. According to a bank rates report, the company is considering expansion into advanced economies like the United States and Germany.

8. Tesla ($1.02 trillion)

As one of Elon Musk’s most important companies, Tesla has had several strong investors since its first appearance. The company recently surpassed another trillion-dollar metric in terms of market capitalization, thanks to Donald Trump’s victory in the last presidential election.

In a world where the global economy is changing at a rapid pace, these trillion-dollar companies continue to shape industries, economies and consumer behaviors.

Editor’s Choice: Top 10 largest technology companies in the world

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