FILE PHOTO: The Apple logo is displayed at an event at the company’s headquarters in Cupertino, California, U.S. September 10, 2019. REUTERS/Stephen Lam
December 9, 2021
(Reuters) – With Apple Inc just about 4% shy of notching a market valuation of $3 trillion, the iPhone maker is nearing a mark that would make it as big as the world’s fifth largest economy after Germany.
Hot on the heels is Microsoft Corp, which has been jousting with Apple for the tag of being the most valuable company after briefly unseating it in October.
Through the nearly two years of the COVID-19 pandemic, tech stocks, including those focused on software, semiconductors and cloud computing, have seen a surge in their valuations as the companies benefited from stay-at-home mandates.
Here is a list of stocks, whose market capitalizations are in the trillions, as well as those that are closing in on the milestone, including Meta Platforms, which had breached the $1 trillion milestone but is now trading below that mark.
COMPANY
MARKET YEAR YEAR
CAPITALIZATION FOUNDED OF
LISTING
Apple Inc $2.87 trillion 1976 1980
Microsoft Corp $2.51 trillion 1975 1986
Alphabet Inc $1.97 trillion 1998 2004
Amazon.com Inc $1.79 trillion 1994 1997
Tesla Inc $1.07 trillion 2003 2010
COMPANIES NEARING $1 TRILLION IN MARKET
CAPITALIZATION
Meta Platforms $919.54 billion 2004 2012
Nvidia Corp $795.65 billion 1993 1999
Berkshire Hathaway $634.79 billion 1839 1980
(Reporting by Chavi Mehta and Ambar Warrick in Bengaluru; Editing by Anil D’Silva)
Source: One America News Network
