As of July 23, 2024, with a market cap of $3434 billion, Apple (NASDAQ: MSFT) topped the global ranking of the largest companies by market cap. It’s followed by Microsoft (NASDAQ: AAPL) ($3292 billion ) and Nvidia Corporation ($3036 billion).
Which one is the biggest company in the world by market cap? Here’s a list of the top companies by market cap in 2024:
The World's Largest Companies by Market Cap, 2024
| RANK | COMPANY | MARKET CAPITAL (USD DOLLAR) |
|---|---|---|
| 1 | APPLE INC. | $3,434 billion |
| 2 | MICROSOFT CORPORATION | $3,292 billion |
| 3 | NVIDIA CORPORATION | $3,036 billion |
| 4 | ALPHABET INC. | $2,255 billion |
| 5 | AMAZON.COM, INC. | $1,900 billion |
| 6 | ARAMCO | $1,832 billion |
| 7 | META PLATFORMS, INC. | $1,236 billion |
| 8 | BERKSHIRE HATHAWAY INC. | $940 billion |
| 9 | TESLA, INC. | $802 billion |
| 10 | ELI LILLY AND COMPANY | $780 billion |
| 11 | BROADCOM INC. | $750 billion |
| 12 | TSMC (TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY) | $741 billion |
| 13 | JPMORGAN CHASE & CO. | $598 billion |
| 14 | NOVO NORDISK A/S | $588 billion |
| 15 | WALMART INC. | $566 billion |
| 16 | VISA, INC. | $536 billion |
| 17 | UNITEDHEALTH GROUP INC. | $514 billion |
| 18 | EXXON MOBIL CORPORATION | $454 billion |
| 19 | TENCENT HOLDINGS LIMITED | $439 billion |
| 20 | MASTERCARD, INC. | $416 billion |
| 21 | VANGUARD US TOTAL MARKET SHARES INDEX ETF | $416 billion |
| 22 | PROCTER & GAMBLE COMPANY | $397 billion |
| 23 | SAMSUNG ELECTRONICS CO., LTD. | $396 billion |
| 24 | ORACLE CORPORATION | $386 billion |
| 25 | COSTCO WHOLESALE CORPORATION | $376 billion |
| 26 | AMD (ADVANCED MICRO DEVICES) | $252 billion |
| 27 | INTERNATIONAL HOLDING COMPANY | $248 billion |
| 28 | SALESFORCE.COM, INC. | $246 billion |
| 29 | ADOBE INC. | $246 billion |
| 30 | ASTRAZENECA PLC | $245 billion |
Market capitalization, commonly known as market cap, refers to the total market value of a company’s outstanding shares. It is calculated by multiplying the current stock price by the total number of shares outstanding. For example, if a company has 2.34 billion shares outstanding and its stock price is $66.66 per share, its market cap would be $156 billion (2,340,000,000 x $66.66). Investors often use the market cap as a quick estimate of a company’s overall value and as a factor in determining whether to buy a stock. Stocks are often categorized by market cap: mega-cap ($100 billion-plus), large-cap ($10 billion-$100 billion), mid-cap ($2 billion-$10 billion), small-cap ($300 million-$2 billion), and micro-cap (less than $300 million).
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