At the top of the list is a technology company that you’ve probably heard of and perhaps even use on the daily: Microsoft. It’s a business that develops and markets software, hardware, and services to make lives easier. As of 2023, the conglomerate had $3,123.13 billion of market capitalization.
It does make sense that a technology company is number one on the list due to the astounding increase in technology use today. Office workers, students, and teachers use Microsoft Office, Word, Excel, etc., consistently, so the company is doing something right. With such a large sum of money, Microsoft is obviously on the right path to continued success.
Another conglomerate that is universally known is Apple. Also a technology company, Apple has a market value of $2,911.49 billion in 2023. We all know the Apple iPhone, headphones, and airpods. Millions of students probably use the Macbook and iPad. Usually, no matter where you are, you’ll see some sort of Apple product.
Evidently, the business has great success and is worth quite a bit of money. However, a majority of that money is probably from the number of times people have to switch their Apple products for new ones due to them “not working anymore.” We know your ways, Apple!
Yet another technology company, NVIDIA, specializes in artificial intelligence, graphic processing units (GPUs) for gaming, and cryptocurrency mining. Taking third place on the list, the corporation had $2,311.97 of market capitalization in 2023. They also test games with early access and have produced gaming consoles, tablets, and more.
The large sum of their market value has made itself known in today's technological climate. AI is thriving more than ever, and NVIDIA is probably one of the contributors to that. You may even have one of their gaming devices in your home!
You may not know exactly what Alphabet, Inc. is, but you probably know at least one of the companies it owns. Alphabet is a technology conglomerate that owns several other companies, such as Google and Verily. As of 2023, the company has a market capitalization of $2,177.68 billion.
Notably, Alphabet is one of the “Big Five” informational technology companies. It works through two segments: Google and Other Bets. The former includes Google’s main products, while the latter is of other businesses. It looks to me like the conglomerate knows what it’s doing and is keeping its success at the top!
Who doesn’t know what Amazon is? You can get whatever you’re in need of at the click of a button, and it can arrive to your doorstep the next day. A great business venture and an efficient one. In 2023, the company had a market value of $1,922.1 billion.
When you need a quick gift for someone or are in dire need of something that you can’t wait a few business days, then you probably revert to Amazon. It’s fast-paced delivery is appealing to anyone, which pulls you in to use the platform, therefore making the market capitalization go up and the worth of the company with it.
The Petroleum and Natural Gas Company is the national oil company in Saudi Arabia. It is one of the world’s largest energy and chemical companies, which is evident by its market capitalization value in 2023: $1,919.26 billion. It’s a powerhouse of a company, quite literally, because it generates power.
The company’s main operation is managing Saudi Arabia’s hydrocarbon reserves. It delivers communities around the world a vital supply of energy. If the sum of their market value is any indication, the business is doing a decent job in its mission of efficient energy for the people.
Formerly known as Facebook, Inc., Meta Platforms is a social technology company that owns and operates Instagram, WhatsApp, Facebook, and Threads. Besides social media, the company is also diving into virtual reality. Basically, everyone is on some form of social media, so these meta platforms may have a space on your phone without you even being aware of it.
The rise of social media has presented itself significantly with the monetary sum of Meta’s market value. According to statista.com, the conglomerate had a market capitalization in 2023 of $1,197.02 billion. All those angry Facebook posts, Instagram reels, and WhatsApp conversations are adding up for the company’s worth!
Eli Lilly is a pharmaceutical company that sells its products in 125 countries. Within those several countries, hundreds of people buy their medicine, which makes sense as to why the business earns a spot on the list. As of 2023, the corporation had $731.81 billion in market capitalization.
Medicine and prescription pills are important for millions of people worldwide, and it looks like Eli Lilly knows that. For some, pharmacies are crucial for good health, and the medicine conglomerate provides smaller businesses with high-demand products. You might even have some of their products in your medicine cabinet right now.
In 1987, Taiwan Semiconductor Manufacturing Company - or TSMC - was founded by Morris Chang and became the first semiconductor foundation in the world. Today, it is the leading company in its field. It designs and manufactures integrated circuits, and its products are used in some industries, such as smartphones and automotive.
To be considered a notable company, it should have numbers to back it up, and fortunately for the Taiwanese conglomerate, it does. According to statista.com, the business had a market value of $672.02 billion in 2023. The company is definitely doing well in its market and on the road to continued success!
Broadcom is yet another technology company that is significantly important for everyday needs. The company is a designer, manufacturer, and supplier of semiconductor and infrastructure products. Broadcom’s offerings benefit data, networking, software, wireless, storage, etc. There are a lot of important industries to which one business provides services!
Of course, with all of those important products the company produces, Broadcom needs to have something to back it up. Thankfully, they do. As of 2023, the conglomerate had a market value of $646.61 billion. The business also provides solutions and services primarily to customers who wish to build or start a business, so if such an idea strikes you, Broadcom is the place to go!
JP Morgan Chase is a financial services corporation headquartered in New York City. It is the largest bank in the United States, which is probably why it’s on this list. As of 2023, the business had a market value of $588.09 billion – its market capitalization makes it the bank of the world.
You may have a JP Morgan Chase bank account yourself or have walked by the renowned business on the New York streets. The bounding corporation serves millions of customers with funds, money, and accounts. We definitely don’t want to see this business go downhill, but thankfully, its spot on this list ensures it should be on the path to continued prosperity!
We have another pharmaceutical company, but it’s headquartered in Denmark instead of America. The company manufactures and markets pharmacy products and services, primarily focusing on diabetes. Have you heard of Ozempic or Rybelsus? Those are Novo Nordisk’s products for diabetes.
A company specializing in treating a chronic disease would hopefully be able to illustrate how successful they’ve been…and perhaps having a place on this list is exactly that. As of 2023, Novo Nordisk had a market value of $581.08 billion.
An automotive and clean energy company, Elon Musk runs the increasingly successful conglomerate. It manufactures and sells electric vehicles, energy storage devices, solar panels, and more. It’s also a successful business: in 2023, the market value was $565.96 billion. The world is transitioning to sustainable energy quicker every day.
Of course, we all know of the Tesla car; you’ll see it drive by on the interstate with its odd, sleek build. It’s not that hard on the eyes. Unfortunately, there is the Cybertruck, which is quite ugly and hard to look at. Regardless, it appears the vehicles Tesla, Inc. makes are giving the business some worth.
The Visa card is great for carrying around when you don’t want to have wads of cash in your wallet. It makes it extremely easy to make payments for all items and products. Visa Inc. facilitates electronic fund transfers worldwide. It offers debit, credit, and prepaid cards.
According to statista.com, the business had a market value of $560.48 billion in 2023. Visa cards are simply better to have than cash: they’re small and compact, easy to handle and store, and can hold all your funds in one spot.
You know the Exxon gas station just down the road from your house or the Mobil one you frequent? Well, that’s much more than a truck stop; it’s also part of a much larger corporation. ExxonMobil is a convergence of both Exxon and Mobil companies. Now, it’s one of the largest fuel companies in the world.
In 2023, the corporation had a market capitalization of $536.7 billion. All those Exxon and Mobil stations you drive by are full of trucks and cars, which is why the company's value is significantly large. The business intends to deliver efficient resources, and it looks like they are doing just that.
Walmart is the place to get groceries or furniture or hardware supplies…well stuff from every department can be found here. On Walmart shopping excursions, you’ll meet all kinds of people, and the store always has cute Christmas decor and items. The company is a retail corporation that operates grocery stores, discount stores, and hypermarkets.
It’s a booming business! Walmart is usually filled with people, especially during the holidays. As of 2023, the corporation has a market value of $521.07 billion. That huge sum is most likely from those low prices, and their self-checkout stations always benefit everyone’s time and patience.
