Technology has become a staple of everyday life, and top tech companies are making strides in many industries, from hardware and software to cleantech to artificial intelligence (AI) and more.
Major moves by tech industry giants have translated into rising valuations. In 2018, Apple (NASDAQ:AAPL) became the first publicly traded company to reach a US$1 trillion valuation, and Microsoft (NASDAQ:MSFT) passed the US$1 trillion mark in 2019, as better cloud sales boosted its earnings and stock price.
Since then, these two tech giants have continued to achieve gargantuan valuations, and Amazon (NASDAQ:AMZN) and holding company Google Alphabet (NASDAQ:GOOGL) have joined the more than US$1 trillion club.
The best tech stocks
Below, Investing News Network takes a look at the 10 largest tech companies in the world, by market capitalization. All numbers and numbers from the listed tech companies were correct as of January 25, 2022.
Market capitalization: 2.61 billion US dollars
First on this list of the most important technology stocks is Apple. Since the company rose to fame with the Macintosh in 1984, its hardware portfolio has grown to include items such as the iPhone, iPad, Apple Watch, and Apple TV. The company also offers a wide range of digital services such as the App Store, Apple Music, Apple Pay and iCloud.
According to Investopedia, Apple’s digital services segment generated record revenue of $68.4 billion in fiscal 2021, up from $53.8 billion the previous year.
Market cap: US$2.17 trillion
Founded in 1975 with headquarters in Redmond, Washington, Microsoft knows hardware and software well. Its hardware lineup consists of its flagship Surface brand, which covers a wide range of price points. The range is a competitor to Microsoft’s big rival, Apple, and its iPad Pro and MacBook.
The company’s software portfolio has always been a priority. This includes its computer operating system, where Microsoft’s Windows 11 edition debuted in Q4 2021, as well as its Windows Server. Additionally, Microsoft is targeting business users with its productivity suite, which includes Office and Cloud platforms. Azure, its cloud product, has driven tremendous year-over-year revenue growth.
Microsoft partnered with FedEx (NYSE:FDX) in early 2022 on a “new cross-platform logistics solution for e-commerce” as part of a broader, multi-year deal that involves the integration of cloud, AI and machine learning technology.
3. Alphabet letters
Market Cap: US$1,680,000,000,000
Alphabet, the holding company of internet search giant Google, operates across multiple brands through a portfolio of companies. Some of the companies under Alphabet are Calico, GV, Capital G, Verily, Waymo, X and Google Fiber. As such, it’s no surprise that Alphabet tops the list of tech stocks.
Founded in 1998 as a search engine, Google has quickly become a household name with many products under its vertical. The list now includes Google Pay, Google Cloud, Android, Google Maps and YouTube.
In November 2021, Alphabet crossed the US$2 trillion market capitalization level for the first time.
Market cap: US$1.42 billion
Founded in 1994, Amazon has evolved from its beginnings as an online retailer to become a technology monolith through its Amazon Web Services (AWS) platform. While Amazon is still a dominant force in web sales, AWS offers services for computing, storage, databases, networking, analytics, machine learning and AI , among others. Fire TV, Amazon’s streaming platform, had sold over 150 million streaming devices worldwide as of January 2022.
In late 2021, Amazon announced the launch of a new Internet of Things (IoT) service, AWS IoT FleetWise. It will enable automakers to collect, transform and transfer vehicle data to the cloud in near real-time more efficiently and cost-effectively. The data can then be organized and standardized for analysis in the cloud.
Market cap: US$922.31 billion
Tesla (NASDAQ: TSLA) is one of the most influential technology companies in the world. In addition to focusing on the electric vehicle (EV) market, the company is also innovating in the areas of AI, robotics, autonomous vehicles and energy storage.
In 2021, sales of electric vehicles from Tesla, led by Elon Musk, increased 87% from the previous year to 936,172 units delivered. In January 2022, the company announced a partnership with Panasonic (OTC Pink: PCRFF, TSE: 6752) to produce lithium-ion batteries for its electric vehicles. Production at the facilities in Japan is expected to begin in 2023.
Market cap: US$839.94 billion
Meta Platforms, the parent company of social media giant Facebook (NASDAQ:FB), ranks sixth on this list. The company’s product suite – which also includes Instagram, Messenger, WhatsApp and Oculus – connects more than 3 billion users worldwide.
In early 2022, Meta announced that its AI Research SuperCluster (RSC) would be the world’s fastest AI supercomputer when completed in mid-2022. According to the announcement, the “RSC will help AI researchers at Meta build better AI models that can learn from billions of examples; work in hundreds of different languages; seamlessly analyze text, images and video together; develop new augmented reality tools and more.
7. Taiwan Semiconductor Manufacturing Company (TSMC)
Market Cap: US$635.18 billion
Established in the late 1980s, TSMC (NYSE:TSM,TPE:2330) was originally a worldwide semiconductor innovator. Since then, TSMC has spawned an entire technology division that focuses on automotive technology, AI and 5G applications, as well as wearable technology and mobile platforms.
The company’s net profit for the fourth quarter of 2021 was 166.24 billion New Taiwan dollars (US$6 billion at the time of the announcement), up 6.4% from the third quarter 2021 and 16.4% from the fourth quarter of 2020. The increase in net profit was driven by a boom in demand for semiconductors – which power many technologies, from smartphones to televisions to vehicles – in the midst of a global supply crisis.
8. Tencent Holdings
Market cap: US$587.94 billion
Founded in 1998, Tencent Holdings (OTC Pink: TCHEY, HKEX: 0700) is a technology company that invests in a host of internet-related businesses with a huge global footprint. It owns China’s largest messaging app, WeChat, and publishes many of the world’s most popular video games. Tencent also invests in many game companies and offers technology services such as cloud computing, fintech and other digital enterprise services.
Tencent became the first Chinese tech company to achieve a valuation of over US$500 billion in 2017. However, more recently, the company appears ready to divest some of its assets while limiting acquisitions as it navigates China’s increasingly rigid regulatory landscape for large companies. technology companies.
Market cap: US$556.31 billion
NVIDIA (NASDAQ:NVDA), the inventor of the graphics processing unit (GPU), creates interactive graphics on laptops, workstations, mobile devices, notebooks, PCs and more. The company’s main competitors are Advanced Micro Devices (NASDAQ: AMD), Intel (NASDAQ: INTC) and Qualcomm (NASDAQ: QCOM).
Alongside GPUs, NVIDIA offers processing capabilities to scientific researchers with supercomputing sites around the world. The main arms of NVIDIA’s business model are games (including its GeForce Now cloud gaming service), automotive electronics, mobile devices, and more recently AI.
NVIDIA is working with Meta Platforms to build the latter’s AI supercomputer, which the former says will be the largest NVIDIA DGX A100 client system to date.
10. Samsung Electronics
Market cap: US$415.1 billion
Headquartered in Seoul, South Korea, Samsung Electronics (KRX: 005930) is the 10th largest technology company in the world. Founded in 1938, Samsung was originally a grocery store. The company then focused on the textile industry after the Korean War, and 1969 was its first entry into the electronics industry. It is now one of the largest electronics manufacturers in the world.
Along with products like tablets, smartphones, watches, and even home appliances, Samsung operates a semiconductor business, developing chips and application processors for smartphones. The company’s latest product launch is a portable display and entertainment device known as Freestyle. The “first-of-its-kind technology” allows consumers to “bring video and audio content wherever they go”.
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Securities Disclosure: I, Melissa Pistilli, have no direct investment interests in any of the companies mentioned in this article.
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