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The 20 Largest Companies In The World By Market Cap

By CM Chaney · June 12, 2024

As we approach the midpoint of 2024, the landscape of the world's largest companies by market capitalization has seen some notable shifts and impressive milestones. Microsoft has emerged as the clear leader, surpassing long-time competitor Apple in January and becoming only the second company in history to achieve a staggering $3 trillion market valuation. This remarkable feat underscores the tech giant's continued dominance and its ability to adapt and innovate in an ever-evolving market.

The trillion-dollar club has also expanded, with seven companies now boasting market caps exceeding $1 trillion. While technology firms continue to dominate the upper echelons of the stock market, the list of the world's largest companies showcases a diverse range of sectors, from energy and healthcare to financial services and retail.

In this ranking, we present the 20 biggest companies by market capitalization as of June 2024. These corporate giants have not only weathered the challenges of recent years but have also demonstrated resilience, innovation, and the ability to capitalize on emerging opportunities. As we explore the unique strengths, strategies, and market positions of each company, we gain valuable insights into the forces shaping the global economy and the trends that will define the business landscape in the years to come.  Robert Deutsch, USA TODAY Sports

1. Microsoft - $3.09 trillion

Microsoft is known for its Windows operating system used by over 70% of computers. It also offers Office software, the Azure cloud platform, Xbox consoles, and Surface computers. Microsoft has invested heavily in AI, including $10 billion in OpenAI, and launched the AI-powered Copilot assistant.  Gary A. Vasquez, USA TODAY Sports

2. Apple - $2.95 trillion

Apple's success comes from high-quality products like the iPhone, MacBook, AirPods, and strong brand loyalty. It was the first company to reach $1-3 trillion market caps. Apple recently released the Vision Pro mixed-reality headset and offers services like Apple TV+. The DOJ filed an antitrust lawsuit against Apple in March 2024 alleging it maintains an illegal monopoly over smartphones.  Pat McDonogh / USA TODAY NETWORK

3. Nvidia - $2.70 trillion

Nvidia makes GPUs originally for PC graphics and gaming that are now in high demand for training and operating AI applications. The AI boom has sent Nvidia stock soaring, with its market cap increasing by a record $277 billion in one day in February 2024.  Kelley L Cox, USA TODAY Sports

4. Alphabet (Google) - $2.15 trillion

Alphabet, Google's parent company, is known for its ubiquitous search engine, Gmail, YouTube, Waze, Maps, and Pixel phones. Alphabet faces antitrust lawsuits from the DOJ over its search practices and from Epic Games over its Google Play app store.  RICARDO B. BRAZZIELL/AMERICAN, STATESMAN] / USA TODAY NETWORK

5. Saudi Arabian Oil - $1.87 trillion

Saudi Aramco, owned by the Saudi government, has the largest daily oil production and second-largest proven oil reserves. Its performance depends heavily on oil prices. To diversify, it invested in a natural gas company in 2023. In June 2024, it began a large $12 billion share sale.  Aaron E. Martinez / American-Statesman / USA TODAY NETWORK

6. Amazon - $1.84 trillion

Amazon started as an online bookstore and is now the world's largest online retailer. It has over 200 million Amazon Prime members, is the biggest cloud provider with AWS, owns Whole Foods, and offers Prime Video streaming and Twitch gaming. The FTC and states filed an antitrust lawsuit against Amazon in 2023.  ERIC HASERT/TCPALM / USA TODAY NETWORK, ERIC HASERT/TCPALM / USA TODAY NETWORK

7. Meta Platforms - $1.18 trillion

Formerly Facebook, Meta owns social networks Facebook and Instagram, messaging apps WhatsApp and Messenger, and is focused on building the metaverse. It makes most of its money from advertising. Meta also owns virtual reality company Oculus.  The Star via Imagn Content Services, LLC

8. Berkshire Hathaway - $902.16 billion

Berkshire Hathaway, led by legendary investor Warren Buffett since 1965, started in textiles but is now mainly in insurance (it owns GEICO). Berkshire also invests across many industries. Charlie Munger served as vice chairman from 1978 until his death in 2023.  Steven Branscombe-USA TODAY Sports

9. Taiwan Semiconductor Manufacturing - $783.44 billion

TSMC is the world's most valuable company in Taiwan and largest contract chipmaker. It makes chips for many top tech firms and stands to benefit from growing AI chip demand.  Diannie Chavez/The Republic / USA TODAY NETWORK

10. Eli Lilly - $779.66 billion

Founded in 1876, pharmaceutical giant Eli Lilly mass-produced insulin and the polio vaccine. It's known for diabetes medications, antidepressants like Prozac, and anti-obesity drugs. Lilly has surged into the top 10 largest companies, helped by three major acquisitions in August 2023.  Mykal McEldowney/IndyStar / USA TODAY NETWORK

11. Broadcom - $615.68 billion

Broadcom, which started as a division of HP, is one of the biggest semiconductor companies. It expanded into software with its acquisition of VMware completed in November 2023.  Coolcaesar/Wikimedia

12. Novo Nordisk - $598.81 billion

Danish pharmaceutical company Novo Nordisk became Europe's most valuable company thanks to high demand for its diabetes and weight loss drugs Ozempic and Wegovy. In 2023, Wegovy was approved to reduce heart attack risk, which could further boost sales.  Johan Wessman/Wikimedia

13. JPMorgan Chase - $581.89 billion

JPMorgan Chase, formed by the 2000 merger of JPMorgan and Chase, is the largest U.S. bank with $3.4 trillion in assets as of Q4 2023 - the fifth highest worldwide.  WhisperToMe/Wikimedia

14. Tesla - $567.93 billion

Tesla, the world's most valuable automaker, has ridden the wave of growing electric vehicle popularity. Its Model Y was the best-selling car in 2023 and it delivered the first Cybertrucks in November 2023. Along with EVs, Tesla makes solar roofs, panels, and batteries.  DAN D'AMBROSIO/BURLINGTON FREE PRESS / USA TODAY NETWORK / USA TODAY NETWORK

15. Visa - $545.19 billion

Visa runs the world's most widespread payment network, processing transactions in over 200 nations. In 2023, it processed $12.3 trillion in payments volume across prepaid, debit and credit cards.  Darren Yamashita-USA TODAY Sports

16. Walmart - $530.01 billion

Walmart is the world's largest retailer and company by revenue with over $600 billion in annual sales, vastly exceeding the revenue of most of the other biggest companies.  KEN BLEVINS/STARNEWS / USA TODAY NETWORK

17. ExxonMobil - $526.02 billion

ExxonMobil, a top oil company formed by the 1999 merger of Exxon and Mobil, was the world's largest company by market cap as recently as 2013. But criticism over its environmental record and stance on climate change have stalled its market cap growth over the past decade.  ajay_suresh/Wikimedia

18. UnitedHealth Group - $455.93 billion

UnitedHealth Group provides health insurance through UnitedHealthcare and healthcare services, analytics and pharmacy services via its Optum unit. In 2024, its Change Healthcare unit suffered a major cyberattack that UnitedHealth paid a $22 million Bitcoin ransom to resolve.

19. Tencent - $434.06 billion

Tencent is China's most valuable public company. It's known for the WeChat messaging app, video game publishing, and other digital content.  N509FZ/Wikimedia

20. Mastercard - $415.60 billion

Mastercard is Visa's biggest rival payment network. In 2023 it processed over 143 billion transactions totaling $9 trillion.

(This content was created with the help of AI, and edited by a human.)  EM Dash-USA TODAY Sports