According to market capitalization, the biggest companies in the US are involved in a wide range of industries, including technology, communication services, energy, consumer cyclical, and financial services. A company’s market capitalisation is calculated by dividing the total number of outstanding shares by the price at which a single claim is trading today. The majority of the top 10 companies have yearly sales in the hundreds of billions of dollars.
So, let’s get commenced with the top 10 American companies all across the globe –
1. Apple Inc.
As per the latest data, Apple Inc. has the highest market capitalization, in the United States, with a market value of $2.51 trillion. It was also the first business to reach $1 trillion in revenue.
Steve Jobs and Stephen Wozniak, classmates in high school at the time, founded Apple in 1977 in Cupertino, California, working out of Jobs’ family’s garage. They later created the initial personal computer.
The company designs and has a wide range of hardware and software products and has 154,000 full-time employees. Among them are Mac laptops and desktop computers, iPad tablets, iPhones, Apple Watches, and Apple TVs.
2. Microsoft Corp.
With a market value of over $2.26 trillion, Microsoft is the second-most valuable publicly traded company in the United States. The company, which has its headquarters in Redmond, Washington, was established in 1975 by Bill Gates. According to Forbes magazine, he is the third-richest person in the world, with an annual worth of US$129 billion as of April 2022.
The company initially focused on creating computer software. Still, it has since diversified to offer a wide range of hardware and software products and services directly or through licenses. With more than 140,000 full-time workers, the company’s primary products include the Office software suite, Outlook email, Skype, and OneDrive.
3. Alphabet Inc.
Larry Page and Sergey Brin established Google in 1998 as an online computer search engine, but it is now one of the most renowned organizations in the world. It offers over 50 goods and services, like its Android mobile operating system for tablets and smartphones and dozens of well-known applications like Google Maps and Google Play.
The third-place finisher was Alphabet Inc., the parent firm of Google, with a market value of US$1.93 trillion as per the most current data. According to Forbes, with net worths of US$111 billion and US$107 billion, respectively, as of April 2022, Page and Brin are the sixth and seventh wealthiest people in the world.
4. Amazon.com
Amazon.com is a well-known cloud services provider and the most extensive online store in the world. It is also the fourth-largest company in the United States, with a market valuation of $1.75 trillion. With a net worth of $171 billion, Jeff Bezos is the second richest person behind Elon Musk. He founded the company in Seattle in 1994.
Amazon started by offering books, CDs, and movies for sale online before growing into a vast retailer offering nearly everything to customers worldwide. Along with the virtual personal assistant’s Echo and Fire TVs, it also created and sold the Kindle and Fire tablets. Businesses may access software and cloud storage through Amazon Web Services (AWS).
5. Facebook
Facebook, a website for social media and networking online, is owned by the American company Meta Platforms. In 2004, Mark Zuckerberg, Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes, all Harvard College students, launched Facebook. The name was inspired by the Facebook directories frequently made available to students at American universities.
Internet-connected gadgets, including smartphones, tablets, and personal PCs, can access Facebook. Individuals may create a profile after registering that contains personal data. They can publicly or secretly communicate via text, pictures, and video with other users who have accepted their friend requests. Moreover, the market value of the business is $1.06 trillion.
6. Tesla Inc
Tesla is a well-known producer of electric vehicles (EVs). The Model Y is a small sport utility vehicle (SUV) that seats seven passengers, the Model S is a four-door full-size sedan, and the Model X is a midsize SUV that can accommodate up to seven persons. The Model 3 is a four-door, medium-sized sedan that is intended and priced for broad appeal. The company plans to design and manufacture a Cybertruck and a Tesla Semi, a commercial EV. Tesla also creates solar power, offers energy storage devices, and produces solar panels. Additionally, it has a $736 billion market value.
7. Berkshire Hathaway
Berkshire Hathaway was born when two local textile businesses merged in the nineteenth century. It wasn’t until much later that Warren Buffett, a renowned investor, purchased it and turned it into a conglomerate holding company. Berkshire Hathaway has many businesses engaged in corporate activities, including utility and energy generation and distribution, retail, insurance, and freight rail transportation. The company also has manufacturing facilities that provide commercial, residential, and industrial products. The company’s market cap is $646 billion.
8. NVIDIA Corporation
NVIDIA develops graphics processors and related software. It was a pioneer in creating the graphics processing unit (GPU), whose primary applications were in video games and PC graphics at the time. Machine learning and AI applications now take advantage of the GPU’s capabilities. The company serves the data center, automotive, gaming, professional visualization, and other industries with hardware, software, services, and platforms. The mining of bitcoin has also significantly benefited from using Nvidia GPUs. Moreover, the market cap of NVIDIA is $557 bn.
9. Visa Inc.
A multinational provider of financial services, Visa Inc., is headquartered in San Francisco, California. It allows for electronic cash transfers worldwide, mainly when used with prepaid, debit, and credit cards bearing the Visa logo. Visa is now one of the most prominent banks all across the globe.
Instead of issuing cards, extending credit, or setting rates and fees for consumers, Visa provides financial institutions payment solutions bearing the Visa name, which they then use to provide credit, debit, prepaid, and cash access services to their customers. The company’s market cap is $502 billion.
10. JPMorgan Chase & Co.
JPMorgan Chase & Co. is an American worldwide investment bank and financial services holding company with its headquarters in New York City and its incorporation in Delaware. JPMorgan Chase is the most extensive bank in the United States, the largest bank in the world by market capitalization, and the fifth most enormous bank in the world in terms of total assets as of 2022, with total assets of US$3.954 trillion. JPMorgan Chase is ranked 24th on the Fortune 500 list of the largest US corporations by total revenue. Moreover, the company’s market cap is $478 bn.
