We present the six stocks valued at one trillion dollars or more trading on United States stock exchanges.
Apple (AAPL) is the largest company in the world, ranked by market capitalization. The company is worth an astonishing $2.841 trillion, about $400 hundred billion more than Microsoft, which is No. 2. Apple continues moving from strength to strength; it recently released its first 3D camera, the Apple Vision Pro.
Microsoft (MSFT) is the No. 2 in this list, with a market value of $2.42 trillion. It sells tablets, Xbox, Office, and enterprise software and owns websites like LinkedIn. The company has moved aggressively into AI with a significant investment in ChatGPT from OpenAI.
3. Alphabet (Google)
Almost everyone knows about Google because it controls about 95% of all internet searches. The search engine is owned by Alphabet (GOOG, GOOGL). The firm is pervasive on the internet, owning YouTube, the Chrome browser, the Android operating system, and Pixel phones. As a result, Alphabet has grown to $1.55 trillion.
The online retailer, Amazoninc.com (AMZN) is No. 5 on this list. Amazon’s enormous reach has made it the world’s largest retailer. Additionally, it owns Whole Foods and is a market leader in cloud services. The company is worth $1.28 trillion, increasing the combined net worth of MacKenzie Scott and Jeff Bezos into the hundreds of billions.
The semiconductor firm Nvidia (NVDA) is the latest entry to this list. It started as a graphics chip company but has established leadership in chipsets for AI, cryptocurrency mining, and data centers. The market capitalization soared in 2023 and reached more than $1 trillion in intra-day trading before settling down below that value.
Tesla (TSLA) is the only other company to surpass $1 trillion. The company’s share price has declined since its peak. The firm currently has a market capitalization of $744.6 billion. As the market leader in electric vehicles, vehicle batteries, and charging stations, Tesla may reach the $1 trillion mark again, increasing Elon Musk’s wealth.
Disclosure: Long AAPL and MSFT.
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.
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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.