In the ever-evolving landscape of the global economy, the top companies by market cap have become a subject of interest for investors, market enthusiasts, and even casual observers. In this article, you will find a complete summary of the top 10 companies by market capitalisation in 2023, offering a glimpse into their sectors.
| Company | Sector | Market Cap (in USD) |
|---|---|---|
| #1 Apple | Technology | $2.999 trillion |
| #2 Microsoft | Technology | $2.507 trillion |
| #3 Saudi Aramco | Oil & Gas | $2.078 trillion |
| #4 Alphabet (Google) | Technology | $1.520 trillion |
| #5 Amazon | E-commerce | $1.331 trillion |
| #6 Nvidia | Technology | $1.049 trillion |
| #7 Tesla | Automotive | $869.80 billion |
| #8 Berkshire Hathaway | Diversified Investments | $747.29 billion |
| #9 Meta Platforms | Social Media | $744.54 billion |
| #10 TSMC | Semiconductors | $519.83 billion |
Apple
Apple Inc. was founded in 1976 and is currently led by Tim Cook as the CEO. It is considered the biggest company in the world based on market capitalization.
Apple Inc. has gained widespread recognition for its revolutionary products, including the iPhone, iPad, and Mac. These devices have consistently pushed the boundaries of technology innovation.
Microsoft
The current CEO of Microsoft is Satya Nadella. The company was founded in 1975. Microsoft Corporation provides various products and services, such as the popular Windows operating system and Office software suite. In addition to software, Microsoft has also ventured into cloud computing and hardware, establishing itself as one of the largest revenue-generating companies in the world.
Saudi Aramco
Saudi Aramco operates in the oil and gas sector. With the third biggest market cap across the globe at the moment, it is the backbone of Saudi Arabia’s economy. Saudi Aramco’s vast oil reserves and strategic location in the Middle East contribute to its position among the global market leaders.
Alphabet (Google)
Alphabet Inc. is the parent company of Google. It was founded in 2015 with Sundar Pichai as the current CEO. Alphabet has a diverse portfolio consisting of various businesses, including search engines, online advertising technologies, cloud computing, software, and hardware. Google, being a prominent part of Alphabet, has established a ubiquitous presence in the digital world. This has contributed to Alphabet’s position as one of the top companies in terms of market capitalization.
Amazon
Amazon.com Inc. is the world’s largest e-commerce company. It was founded in 1994 and is currently led by CEO Andy Jassy. The company has expanded its business beyond online retail and ventured into cloud computing, digital streaming, and artificial intelligence. With a wide range of products and a strong presence in the online retail industry, Amazon is considered a significant player among the top companies by market capitalization.
Nvidia
Nvidia, founded in 1993, is currently led by CEO Jensen Huang. The company has gained significant popularity in recent times, with its profits surpassing those of many other industry players in the previous quarter of 2023. Nvidia has established itself as a leader in producing stand-alone GPUs, which are crucial components for generative AI platforms such as OpenAI’s ChatGPT and Google’s Bard. These graphics processing units play an integral role in enhancing the performance of AI systems and enabling advanced applications in various fields.
Tesla
Tesla Inc. was founded in 2003 by Elon Musk, who currently serves as the CEO. The company specializes in the production of electric vehicles and clean energy products. Tesla’s dedication to sustainable energy solutions and its unique approach to automotive design have positioned it as a prominent player in the industry.
Berkshire Hathaway
Warren Buffett is the current CEO of Berkshire Hathaway Inc., a diversified investment company. The company was founded in 1839 and has a long history of success. Warren Buffett, often regarded as one of the world’s most successful investors, leads Berkshire Hathaway. With a diverse portfolio and strong leadership, Berkshire Hathaway has achieved a high market cap.
Meta Platforms (Facebook)
Facebook Inc., which is now known as Meta Platforms, is a social media giant. The company was founded in 2004 by Mark Zuckerberg. It owns and operates various platforms, including Instagram, WhatsApp, and the Oculus Metaverse.
Meta Platforms has a vision to make the metaverse concept mainstream. The metaverse refers to a virtual 3D space that offers lifelike experiences. Meta aims to create a seamless virtual experience through its Oculus division, enabling users to engage in real-world activities within the virtual realm.
TSMC
Taiwan Semiconductor Manufacturing Company (TSMC) was founded in 1987 and is currently led by CEO C. C. Wei. As a leader in the semiconductor industry, TSMC has established itself as the world’s largest dedicated independent (pure-play) semiconductor foundry. The company’s advanced manufacturing capabilities enable it to supply key components for a wide range of electronic devices, positioning TSMC as a significant player among the top companies by market capitalization.
