CHART: The world's largest tech companies in 2024
It was just last week that Microsoft overtook Apple to become the world's most valuable company at a valuation of $2.887 trillion compared to Apple's $2.875 trillion.
Only these two companies have now surpassed the $3 trillion mark as of January 25, 2024, (which Apple reached in July 2023) in market capitalization of all time, a feat that earlier seemed unattainable.
Alphabet (Google), Amazon, NVIDIA, and Meta (Facebook) are the other leading technology giants that have reached at least $1 trillion or more in market value, with Meta staging a comeback, thanks to its refocus on artificial intelligence, after previously hitting the $1 trillion milestone valuation in September 2021.
But perhaps the most interesting company to watch is NVIDIA – the American chip company armed with well-sought-after cutting-edge graphics processing units (GPUs) which are now the nucleus of the AI products and services being launched by Big Tech companies – which became the first chip maker to reach $1 trillion in market value in May 2023.
Eight months later, NVIDIA is now valued at $1.5 trillion – and its share price (now at $612.42, as of today) continues to rise with no signs of slowing – thanks to the outstanding growth in the company's revenue at $26.974 billion in 2023, a 0.22% increase from 2022 at $26.914 billion, and a 61.4% increase from 2021 at $16.68 billion.
This Techloy chart shows the world's largest tech companies in 2024 by market value, per our research from companiesmarketcap.com's data.