TEMPO.CO, Jakarta – People are becoming more technology dependent with the widespread convenience it offers. The trend has significantly affected the economy now that more tech companies are dominating the market.
Interest about it does not only come from investors, but also from the users, making a market report of the tech companies a lasting topic.
This article will explore the 10 biggest tech companies according to their market caps as cited from Companies Market Cap:
1. Apple
Apple is the biggest tech company in the world with a market cap reaching $3.454 trillion. Despite ranking first on the list, the company reported a fall on their 2023 revenue. Apple made a revenue of $387.53 billion in 2022 and ended the year of 2023 with a total amount of $385.70 billion in revenue.
The latest financial reports from Apple demonstrate a current revenue of the company reaching $385.60 billion thus far. It’s foreseen the company will take a leap of revenue this year compared to their previous ones.
2. NVIDIA
NVIDIA follows suit on the list of biggest tech companies, generating a market cap with a total number of $3.182 trillion. The company’s primary fortune comes from selling graphics processors and chipsets for personal computers as well as game consoles.
NVIDIA Corporation made a dramatic jump in their revenue, bouncing from $26.87 billion in 2022 to $60.92 billion in 2023. The company’s latest financial reports show there is still significant growth this year, generating a current revenue of $79.77 billion.
3. Microsoft
Renowned to be a leading software distributor, Microsoft is placed third on the biggest tech company list with a total number of market cap touching the base of $3.097 trillion. Microsoft has long solidified their name in the tech industry.
The company has generated a total revenue of $245.12 billion according to Microsoft’s latest financial reports. It has seen a jump from the company’s previous years, garnering over $227.58 billion in 2023 and $204.09 billion in 2022.
4. Alphabet (Google)
Google is perhaps a necessity to most people in the world now, earning the company a place on the list. Today, Alphabet (Google) has a market with a number of $2.048 trillion.
The company generated growing revenue for the past years as follows, $282.83 billion in 2022, $307.39 billion in 2023 and the current one touches the base of $328.28 billion according to Alphabet (Google)’s recent financial reports.
5. Amazon
Amazon is a giant online retailer from America which currently has a market cap of $1.858 trillion. As the leading company in its field, Amazon offers a wide range of products with their book section stood up.
Despite placing in the middle of the list, Amazon has fairly the largest revenue among the contenders with their latest one reaching $604.33 billion.
6. Meta Platform (Facebook)
Meta Platform, or widely known as Facebook has a market cap of $1.335 trillion, earning the sixth position of the biggest tech companies in the world.
The company has seen a leap in their revenue for the past years with the current one standing at $149.78 billion. According to their financial reports, Meta Platforms (Facebook) generated $134.90 billion in 2023 and a total of $116.60 billion in 2022.
7. TSMC
TSMC, abbreviation for Taiwan Semiconductor Manufacturing Company, is a giant semiconductor manufacturer. The company has a market cap of $876.81 billion as of the current moment.
The company’s revenue thus far has touched the base of $73.86 billion with only half the year passed. This is the same number in total as their revenue back in 2023.
8. Broadcom
Broadcam is a semiconductor company whose market cap reaches $773.90 billion currently. The company made a revenue of $42.61 billion, an increase to their 2023’s revenue which generated a total number of $38.86 billion.
9. Tesla
Elon Musk popularized Tesla in the past years and has attracted a number of giant investors. Today, Tesla has a market cap of $703.84 billion. Ranked ninth in the list, Tesla has made a revenue of $95.31 billion and not yet surpassing their 2023’s revenue which touched the base of $96.77 billion.
10. Tencent
Tencent is a leading communication holding in China which provides messaging services and social networks on the Internet. The company currently has a market cap of $448.15 billion with a revenue of $85.00 billion.
The biggest tech companies report is arguably a lasting topic not only among investors, but also around the users.
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