10 Largest Companies in the World in 2023
The 2022 bear market in tech stocks reordered the ranking of the largest companies by market capitalization. However, the nascent tech recovery in 2023 has caused some companies to recover. But many former highfliers, like Amazon.inc (AMZN) and Metal Platforms (META), may drop out of the top 10 if current trends continue. Here are the 10 largest companies in the World in March 2023 ranked by market capitalization.
Try the Sure Dividend Pro Plan. It includes the Sure Dividend Newsletter for dividend growth stocks. The Sure Dividend Retirement Newsletter for high-yield, REIT, and MLP stocks. The Sure Passive Newsletter for buy-and-hold forever stocks. Risk free 7-day free trial and grace period. Sure Dividend Coupon Code – DP100 for $100 off.
Apple (AAPL) is by far the largest company in America and the World. The company is worth an astounding $2.349 trillion, several hundred billion more than the next. That said, Apple was worth nearly $3 trillion at its peak. However, fears of a soft mobile phone market have kept investors away.
2. Saudi Aramco
Saudi Aramco (ARMCO) is the only non-American company in the top ten largest companies in the world. It is also the only Saudi Arabian company on the list. The firm is worth $1.924 trillion. The firm has more revenue and profit than Apple because of high oil prices. But it’s a commodity, and the cost of oil may eventually come down.
Microsoft (MSFT) is a diversified technology conglomerate with enterprise and retail hardware and software businesses. Behind Apple, the firm has been No. 2 in market capitalization for the past one to two years. In addition, the company is known for its AAA-rated balance sheet and an A+ dividend quality grade.
4. Alphabet (Google)
Alphabet (GOOG, GOOGL) is no stranger to most readers. Most of us use the company’s Chrome search engine daily, watch a video on YouTube, use an Android operating system, or have a Pixel phone. Google’s ubiquity on the internet and hold on search advertising has allowed the market capitalization to reach $1.163 trillion.
Amazoninc.com (AMZN) dominates online retail. Millions of people buy items through the company daily. Amazon is also a market leader in the cloud and owns Whole Foods. Amazon has grown to a $929.7 billion company. The stock price is down almost half since its peak. But still, it has made Jeff Bezos and MacKenzie Scott wealthy.
6. Berkshire Hathaway
Almost all investors know Berkshire Hathaway (BRK.A. BRK.B). At $666.38 billion, it is the largest conglomerate in the United States with diverse operations in energy, railroads, freight, flooring, insurance, etc. The company has also made Warren Buffett’s net worth exceed $100 billion. Buffett’s partner Charlie Munger’s net worth has also increased.
Nvidia (NVDA) may be the least well-known stock on the list. But gamers and those who know artificial intelligence know about the company’s leadership in graphics, AI, data centers, cryptocurrency mining, etc., chips. Leadership in this area has allowed Nvidia to reach a market value of $572.28 billion, enough to be number seven on this list of largest companies in the world.
Tesla (TSLA) is the global leader in electric vehicles. Its CEO built a car company, advancing vehicle batteries, charging, autonomous vehicles, etc. Consumers liked what they saw and were paying a premium for the cars. Tesla’s stock price soared but has dropped more than 50% from its peak. Still, Tesla is No. 8 on this list of largest companies in the world, with a value of $548.78 billion.
9. Meta Platforms (Facebook)
Meta Platforms (META) is better known as the parent of Facebook. This is another tech stock whose share price has plunged. Meta is facing several challenges, and investors sold the shares. However, the stock price has bounced back as the company cuts costs. Meta’s current valuation of $465.4 billion is enough to be ninth of largest companies in the world.
Visa (V) is the first financial company in the top ten. Almost every consumer who owns a credit card knows of the company. After operating as a private company for decades, the firm has grown dramatically since its IPO in 2008. Today, it is the leader in credit card payments, with 50% market share. Visa is worth $454.28 billion.
Disclosure: Long MSFT, AAPL, and V.
Disclaimer: The author is not a licensed or registered investment adviser or broker/dealer. He is not providing you with individual investment advice. Please consult with a licensed investment professional before you invest your money.
Here are my recommendations:
- Simply Investing Report & Analysis Platform or the Course can teach you how to invest in stocks. Try it free for 14 days.
- Sure Dividend Pro Plan is an excellent resource for DIY dividend growth investors and retirees. Try it free for 7 days.
- Stock Rover is the leading investment research platform with all the fundamental metrics, screens, and analysis tools you need. Try it free for 14 days.
- Portfolio Insight is the newest and most complete portfolio management tool with built-in stock screeners. Try it free for 14 days.
Receive a free e-book, “5 Fundamental Metric to Check for a Dividend Growth Stock!” Join thousands of other readers !
*This post contains affiliate links meaning that I earn a commission for any purchases that you make at the Affiliates website through these links. This will not incur additional costs for you. Please read my disclosure for more information.
Prakash Kolli is the founder of the Dividend Power site. He is a self-taught investor, analyst, and writer on dividend growth stocks and financial independence. His writings can be found on Seeking Alpha, InvestorPlace, Business Insider, Nasdaq, TalkMarkets, ValueWalk, The Money Show, Forbes, Yahoo Finance, and leading financial sites. In addition, he is part of the Portfolio Insight and Sure Dividend teams. He was recently in the top 1.0% and 100 (73 out of over 13,450) financial bloggers, as tracked by TipRanks (an independent analyst tracking site) for his articles on Seeking Alpha.