In case you’re wondering where to get the list of top 10 companies with the highest market cap in 2024, then you’re in the right place. The term “market capitalization (cap)” of a company is simply the total market value of an organization’s outstanding shares. As for such shares, they include all the company’s shares that have been authorized, issued, and bought by shareholders.
Before, Apple was the first U.S. company to ever reach a trillion-dollar market cap. It took Apple about 42 years before it was able to set the record in 2018. According to the latest report, the Cupertino-based company has now become the only company to boast of a $2 trillion market capitalization. That said, here’s the list of the top 10 companies with the highest market cap in 2024.
List Of Top 10 Companies With Highest Market Cap 2024
1- Microsoft ($3.1 trillion)
Microsoft is on the first position on the list of top 10 companies with the highest market cap in 2024. That’s because the Redmond, Washington based giant software company currently has a total of about $3.1 trillion market value. Apart from selling and licensing software, Microsoft also develops and manufactures consumer products, including electronics and personal computers.
2- Apple Inc. ($2.68 Trillion)
Apple Inc., co-founded on April 1, 1976, by Steve Jobs, is a Cupertino-based multinational tech company. With a total of about $2.68 trillion, it’s the second on our list of top 10 companies with the highest market cap in 2024. Apple Inc. holds the title of the world’s largest company by market capitalization. Renowned for its revolutionary products like the iPhone, iPad, and Mac, Apple consistently leads in pushing the limits of technological innovation. Its unwavering dedication to innovation and top-notch design has earned it a loyal consumer base and established its dominance as a leading market cap titan.
3- Nvidia ($2.21 Trillion)
Nvidia has recently joined the $1 trillion club. The company, led by CEO Jensen Huang, was established in 1993 in the U.S. It has garnered significant attention recently due to its soaring profits, outperforming many competitors in the industry. The company has long been at the forefront of producing stand-alone GPUs. These are essential components for cutting-edge generative AI platforms such as OpenAI’s ChatGPT and Google’s Bard.
4- Saudi Aramco ($2.01 Trillion)
Established in 1933 in Saudi Arabia, Saudi Aramco, currently led by CEO Amin H. Nasser, is a prominent player in the oil and gas industry. It is at the fourth-largest market capitalization worldwide, Saudi Aramco serves as the cornerstone of Saudi Arabia’s economy. Its extensive oil reserves and strategic presence in the Middle East underscore its significance as one of the foremost global market leaders, with a staggering market cap reaching $2.01 trillion in 2024, securing its place among the highest-ranking companies in terms of market value.
5- Alphabet ($1.84 Trillion)
Alphabet, founded in 2015 by Larry Page and Sergey Brin, is the parent company of Google and its subsidiaries. The move to create the company was triggered by the two co-founders’ interests to make Google business “cleaner and more accountable”. Google has expanded beyond its initial focus on search engines to encompass various sectors such as online advertising technologies, cloud computing, software, and hardware. Currently, Alphabet has a total market capitalization of about 1.84 trillion dollars. And with that, it is the world’s fifth-largest company by market capitalization.
6- Amazon ($1.81 Trillion)
Amazon, founded in 1994 by Jeff Bezos, is a Seattle-based multinational tech company. As for what it offers, it engages in the retail sales of subscriptions and consumer products, locally and internationally. With a total of about $1.81 trillion market value, Amazon.com, Inc. sits on the sixth position on the list of top 10 companies with the highest market cap in 2024.
7- Meta Platforms ($1.26 Trillion)
Founded in 2004 and headquartered in the USA, Meta Platforms, formerly known as Facebook Inc., stands as a titan in the realm of social media. Led by CEO Mark Zuckerberg, Meta Platforms owns and operates a multitude of popular platforms, including Instagram, WhatsApp, and the Oculus Metaverse. Meta is at the forefront of promoting the concept of the metaverse, a virtual 3D environment aimed at providing immersive and lifelike experiences. Through its Oculus division, Meta offers users a seamless virtual experience, allowing them to engage in real-world activities within the virtual realm.
8- Berkshire Hathaway ($883.7 Billion)
Berkshire Hathaway Inc., founded in 1839 by Oliver Chace, is an Omaha, Nebraska based multinational conglomerate holding company. Currently, the company is owned by the famous American investor, entrepreneur, and billionaire, Warren Buffett. Also, the company has several other affiliated companies. These include Geico, General Re, Berkshire Hathaway Primary Group, BNSF, Berkshire Hathaway Energy, and McLane Company. Visit Greenery Financial to learn about Berkshire share differences. Currently, with a total of $883.7 billion, the company sits on the eighth position on the list of top 10 companies with the highest market cap in 2024.
9- Eli Lilly ($724.6 Billion)
Founded in 1876 by Colonel Eli Lilly, Eli Lilly and Company is a renowned American pharmaceutical company headquartered in Indianapolis, Indiana, USA. Currently helmed by CEO David A. Ricks, the company has established a global presence with offices in 18 countries. And its products are being distributed in approximately 125 countries worldwide.
10- Taiwan Semiconductor ($708.75 Billion)
Taiwan Semiconductor, established in 1987 by Morris Chang, is a Taiwanese multinational semiconductor contract design and manufacturing company. Its headquarters and main operations are located in the Hsinchu Science Park in Hsinchu, Taiwan. As the first company to achieve 7-nanometer production capabilities, it’s one of the biggest companies in Taiwan. The company is last on our top 10 companies with the highest market cap in 2024. That’s because of its new market value of $708.75 billion, which increased significantly in the last few years.
