TipRanks provides a completely dedicated page for ‘.Largest companies by market capitalization” contains all the important data points to measure popularity and performance. These companies boast wide moats and are often leaders in their respective fields. Why is this page so important to readers? Well, here’s the question. When developing a portfolio strategy, all investors should consider well-capitalized companies to ensure stability of returns and a lower risk profile.
By grouping the largest companies by market capitalization, TipRanks makes it easy for investors to skim through companies, compare them on one screen, and finally choose their favorite companies after thorough research. This page is located under “”.ideaTipRanks Portal section. The top seven companies on the list currently have market capitalizations of at least $1 trillion.
This page displays a list of the most valuable companies in descending order of market capitalization, along with the sector they belong to, analyst consensus, and TipRanks Smart Score. This page takes a closer look at the current top 5 companies.
#1 Microsoft Corporation (NASDAQ:MSFT)
As you can see from the chart above, technology giant Microsoft is the undisputed leader based on market capitalization as of February 26, 2024. MSFT is popular in the Windows operating system, which is an essential system for personal computers and laptops. Additionally, the Office 365 software suite provides all the tools you need to keep your office and business fully functional. MSFT also owns the Azure cloud platform and the famous Xbox video game console business.
No wonder Microsoft has a wide moat across the software domain and hosts other lucrative cloud and gaming solutions. The company also entered the artificial intelligence (AI) space by investing $10 billion in ChatGPT maker OpenAI.
In its latest quarterly report for Q2 2024, MSFT’s revenue increased 18% year over year to $62.02 billion. Meanwhile, net income increased 33% compared to 2Q23 to $21.87 billion.
At TipRanks, the MSFT stock has a consensus rating of Strong Buy, backed by 33 Buy ratings, 1 Hold rating, and 1 Sell rating. Microsoft’s average price target is $469.58, implying a potential upside of 15.2% from current levels.
iPhone maker Apple currently ranks second in terms of market capitalization. Interestingly, it was the first time in the history of the American stock market that the market capitalization exceeded his $1 trillion, $2 trillion, and $3 trillion.
Apple’s portfolio consists of the most popular premium-quality hardware products, including the iPhone, MacBook, and AirPods. Apple enthusiasts are looking forward to getting their hands on its latest product, the Apple Vision Pro mixed reality headset.
For the first quarter of fiscal 2024, ending December 30, 2023, Apple posted revenue of $119.58 billion, an increase of 2% year over year. Net income rose 13% to $33.92 billion.
AAPL stock has a “Moderate Buy” consensus rating at TipRanks, backed by 16 buys, 8 holds, and 1 sell ratings. Apple Inc.’s average price forecast is $206.15, implying a potential upside of 13.8% from current levels.
3rd place NVIDIA Corporation (NASDAQ:NVDA)
A list of the largest U.S. companies by market capitalization would be incomplete without the inclusion of semiconductor giant Nvidia. NVDA currently ranks third with a market capitalization of approximately $2 trillion. Nvidia has gained immense popularity for its mastery and excellence in advanced chip innovation.
Nvidia’s graphics processing units (GPUs) play a critical role in an AI-driven world, supporting multiple applications in personal computers (PCs) and video games, mining cryptocurrencies, and building and training generative AI models. I am.
For the fiscal fourth quarter ending January 28, 2024, Nvidia’s revenue increased 265% year-over-year to $22.1 billion, and net income increased 769% to $12.29 billion.
NVDA stock has a “Strong Buy” consensus rating at TipRanks, with 38 buys and 2 hold ratings. Nvidia’s average price target of $867.93 implies a potential upside of 9.7% from current levels.
#4 Amazon.com (NASDAQ:AMZN)
Amazon.com, the world’s largest e-commerce giant, ranks fourth in the United States based on market capitalization. The online retail shopping giant also boasts a well-known cloud computing services division, Amazon Web Services (AWS). In addition, he also offers Amazon Prime subscription service, which has over 200 million subscribers worldwide. Additionally, its digital foray into Amazon Prime Video streaming has attracted millions of viewers. The company also operates a live streaming video game service through its division Twitch.
Amazon is currently under pressure, accused and sued by the Federal Trade Commission (FTC) for monopolistic practices to maintain its market-leading position.
In the final quarter of 2023, AMZN’s revenue increased 14% year-on-year to $169.96 billion, and net income sharply increased to $10.62 billion from $278 million in the same period last year.
With 41 unanimous buy ratings, AMZN stock has a Strong Buy consensus rating on TipRanks. Amazon.com’s average price estimate of $208.23 implies a potential upside of 19.2% from current levels.
Alphabet offers a variety of products, including the famous search engine Google, email service Gmail, online streaming service YouTube, navigation apps Maps and Waze, Android operating software, Google Chrome, and Pixel smartphones.
The company has a dual stock listing structure with Class A (GOOGL) shares and Class C (GOOG) shares. The main difference is that GOOGL shares have voting rights, while GOOG shareholders do not. Therefore, GOOG stock typically tends to trade at a slight discount to GOOGL stock.
Alphabet is currently facing one of its biggest antitrust lawsuits, with the U.S. Department of Justice alleging that Google uses unfair practices to make its search engine the default browser for many companies.
Google’s parent company Alphabet reported revenue of $86.31 billion for the three months ended December 31, 2023, up 13% year-on-year, and net profit of $20.69 billion, up about 52%. did.
At TipRanks, GOOG stock has a “Strong Buy” consensus rating, based on 6 buy ratings and 1 hold rating. Alphabet Class C’s average price target of $163.57 implies a potential upside of 17.9% from current levels.
Important points
Analyzing a curated list of the largest companies by market capitalization allows investors to make smarter and faster stock choices. TipRanks believes in leveling the playing field for investors and regularly releases tools to help investors make easier and more rewarding investment decisions.
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