World's Top 10 Largest Companies by Market Cap in 2024

TEMPO.CO, Jakarta - Investors worldwide continue to express keen interest in large companies by market capitalization, or market cap. As defined by Investopedia, the market cap represents the total market value of a company's shares of stock.

Unsurprisingly, the top of the stock market is predominantly occupied by technology companies. However, other sectors including luxury goods, oil, insurance, and medical companies also feature on the list.

According to Forbes India, here is a list of the top ten largest companies by market cap as of March 2024:

1. Microsoft Corp

Boasting a market capitalization of US$3.1 trillion, Microsoft stands as the preeminent global company as of March 2024. The tech firm is founded in 1975 and offers a diverse array of products and services, including the Windows operating system and the Office software suite. It has ventured into cloud computing and devices, demonstrating its dominance beyond software.

2. Apple Inc.

Established by Steve Jobs in 1976, Apple is renowned for its products, such as the iPhone, Mac, and iPad. Its market cap amounts to US$2.68 trillion. The company's unwavering dedication to innovation and superior design has made it one of the leading tech giants.

3. Nvidia

Nvidia has recently garnered popularity for its graphics processing units, or GPUs, which are essential to generative AI systems such as Google's Bard and OpenAI's ChatGPT. Its market cap has reached US$2.21 trillion.

4. Saudi Aramco

In fourth place is Saudi Aramco, an oil and gas company based in Saudi Arabia and the country’s economic backbone. Its abundant oil and gas reserves and strategic location in the Middle East afford it a prominent position among global market leaders.

5. Alphabet

Rounding out the top five is Alphabet with a market capitalization of US$1.84 trillion. Google's parent company encompasses an array of tech products including search engines, cloud computing, software, hardware, and online advertising technology.

6. Amazon.com

Recognized as the world's leading e-commerce company, Amazon takes the sixth spot. The company has embarked on diversification into cloud computing, AI, and digital streaming services. With Jeff Bezos exerting a significant influence, the company possesses a market capitalization of up to US$1.81 trillion.

7. Meta Platforms

Formerly known as Facebook Inc, Meta Platforms has evolved into a social media giant. Founded by Mark Zuckerberg, it also offers other products, such as Instagram, WhatsApp, and Oculus Metaverse. With its core mission of popularizing the concept of metaverse and virtual 3D, Meta has achieved a market capitalization of up to US$1.26 trillion.

8. Berkshire Hathaway Inc.

Berkshire Hathaway, a diversified investment firm led by Warren Buffett, maintains its standing among the most successful investors globally. Headquartered in Omaha, Nebraska, the company holds a market capitalization value of US$883.7 billion.

9. Eli Lilly and Company

Eli Lilly and Company, an American pharmaceutical company founded by Colonel Eli Lilly in 1876, claims the ninth spot. With a market capitalization value of US$ 724.6 billion, the company has successfully marketed its products in approximately 125 countries and established offices in 18 countries.

10. TSMC

As of March 2024, the tenth largest company by market cap is Taiwan Semiconductor Manufacturing Company (TSMC), a frontrunner in the semiconductor industry. Established in 1987, the company holds a market capitalization of US$708.75 billion.

MELYNDA DWI PUSPITA 

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