Top 10 Biggest Companies in the World by Market Cap in 2024

Curious about the biggest players in the global markets? Explore the top 10 companies by market cap for 2024 and gain insights into their influence.

In today’s changing global economy, the largest companies by market value are drawing attention from investors, market fans, and curious people. This article provides a summary of the top 10 companies by market value in 2024 and gives a look at their industries.

Top 10 Companies by Market Cap in 2024

Which company is the largest in the world by market value? It’s Apple, of course. The company has dominated the tech industry for decades.

Here’s a list of the top 10 companies by market cap in 2024 (as of June 24, 2024):

Here, we take a more detailed look at the top 10 companies by market cap we reviewed in the table above.

Microsoft:

• Current CEO: Satya Nadella
• Year of Foundation: 1975
• Country: USA

Microsoft Corporation provides many products and services, including the Windows operating system and Office software suite. Microsoft also ventures into cloud computing and hardware, making it one of the largest companies by revenue.

Apple:

• Current CEO: Tim Cook
• Year of Foundation: 1976
• Country: USA

Apple Inc. is the world’s largest company by market value. Known for its innovative products like the iPhone, iPad, and Mac, Apple consistently pushes the limits of technology. Its focus on innovation and high-quality design has made it a favorite among consumers and a leader among top companies by market value.

Nvidia:

• Current CEO: Jensen Huang
• Year of Foundation: 1993
• Country: USA

Nvidia has become very popular recently as its profits have soared above most of its competitors. The company has always been a leader in making stand-alone GPUs, which are essential for generative AI platforms like OpenAI’s ChatGPT and Google’s Bard.

Alphabet (Google):

• Current CEO: Sundar Pichai
• Year of Foundation: 2015
• Country: USA

Google’s parent company, Alphabet Inc., has a diverse range of products and services, including search engines, online advertising technologies, cloud computing, software, and hardware. Google’s strong presence in the digital world helps Alphabet rank among the top companies by market value.

Amazon:

• Current CEO: Andy Jassy
• Year of Foundation: 1994
• Country: USA

Amazon.com Inc. is the world’s largest e-commerce company. It has expanded into cloud computing, digital streaming, and artificial intelligence. Amazon’s wide range of products and its dominance in online retail make it a leading company by market value.

Saudi Aramco:

• Current CEO: Amin H. Nasser
• Year of Foundation: 1933
• Country: Saudi Arabia

Saudi Aramco operates in the oil and gas sector. With the third-largest market value in the world, it is the backbone of Saudi Arabia’s economy. Saudi Aramco’s vast oil reserves and strategic location in the Middle East make it a global market leader.

Meta Platforms (Facebook):

• Current CEO: Mark Zuckerberg
• Year of Foundation: 2004
• Country: USA

Facebook Inc., now called Meta Platforms, is a social media giant that owns Instagram, WhatsApp, and Oculus. Meta aims to make the metaverse mainstream, promoting a virtual 3D space for lifelike experiences. Meta’s Oculus division provides a seamless virtual experience where users can engage in real-world activities.

TSMC:

• Current CEO: C. C. Wei
• Year of Foundation: 1987
• Country: Taiwan

Taiwan Semiconductor Manufacturing Company (TSMC) is a leader in the semiconductor industry and the world’s largest dedicated independent semiconductor foundry. TSMC’s advanced manufacturing capabilities and its role in supplying key components for various electronic devices make it a major player among the top companies by market value.

Berkshire Hathaway:

• Current CEO: Warren Buffett
• Year of Foundation: 1839
• Country: USA

Berkshire Hathaway Inc. is a diversified investment company that owns many businesses. It is led by Warren Buffett, one of the world’s most successful investors. The company’s varied investments and strong leadership help it maintain a high market value.

Eli Lilly:

• Current CEO: David A. Ricks
• Year of Foundation: 1876
• Country: USA

Eli Lilly and Company is an American pharmaceutical company founded in 1876 by Colonel Eli Lilly. Headquartered in Indianapolis, Indiana, it has offices in 18 countries and sells its products in about 125 countries.

FAQs

Q.1. What does a market cap of $1 billion indicate?
A market cap of $1 billion means that the total value of all a company’s shares of stock is $1 billion.

Q.2. What factors contribute to a company’s market cap?
A company’s market cap is calculated by multiplying its total number of outstanding shares by its current stock price. This stock price can be influenced by various factors such as the company’s earnings, the overall economy, and investor sentiment.

Q.3. How often does the list of top companies by market cap change?
The list of top companies by market cap can change frequently because stock prices fluctuate. These changes can happen daily, and the list may look quite different from year to year.

Published: 23rd July 2024

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