The world's largest companies by market capitalization in the year 2023 are a mix of technology giants, energy companies, and manufacturing giants. Topping the list with a market capitalization of $2.846 trillion is Apple Inc, the American multinational technology company that designs, develops, and sells consumer electronics, computer software, and online services.
In second place is Microsoft Corporation, with a market capitalization of $2.43 trillion. Founded in 1975 by Bill Gates and Paul Allen, the American multinational technology company develops, licenses, and sells computer software, consumer electronics, and personal computers.
Third on the list is Saudi Arabian Oil Co., also known as Aramco, with a market capitalization of $2.09 trillion. The Saudi Arabian oil and gas company is one of the most profitable companies in the world, with a production of over 13 million barrels of oil per day.
| Rank | Company Name | Market Capitalization (USD) | |------|--------------------------------------|---------------------------| | 1 | Apple Inc | 2.846T | | 2 | Microsoft Corporation | 2.43T | | 3 | Saudi Arabian Oil Co. | 2.09T | | 4 | Alphabet Inc (Google) Class C | 1.557T | | 5 | Amazon.com, Inc. | 1.203T | | 6 | NVIDIA Corporation | 957.619B | | 7 | Tesla, Inc. | 774.627B | | 8 | Berkshire Hathaway Inc B | 735.637B | | 9 | Meta Platforms, Inc. (formerly known as Facebook, Inc.) | 679.107B | | 10 | Taiwan Semiconductor Manufacturing Co. Ltd. | 472.31B |
In fourth place is Alphabet Inc, the parent company of Google, with a market capitalization of $1.557 trillion. The American multinational conglomerate focuses on Internet-related services and products, such as search engines, online advertising, cloud computing, software, and hardware.
Fifth on the list is Amazon.com, Inc., the American multinational technology company that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. The company has a market capitalization of $1.203 trillion.
The only manufacturing company in the top 10 is Taiwan Semiconductor Manufacturing Company, with a market capitalization of $472.31 billion. The Taiwanese multinational semiconductor company produces chips for the world's leading brands, including Apple, NVIDIA, and Qualcomm.
The other companies in the top 10 are NVIDIA Corporation, Tesla Inc, Berkshire Hathaway Inc B, and Meta Platforms, Inc. NVIDIA Corporation is a Santa Clara-based multinational technology company that designs graphics processing units for gaming and professional markets. Tesla Inc is an American electric vehicle and clean energy company. Berkshire Hathaway Inc B is a multinational conglomerate holding company based in Nebraska, while Meta Platforms, Inc., formerly known as Facebook, Inc, is an American multinational technology conglomerate.
In conclusion, the companies with the largest market capitalizations in 2023 are a reflection of the world's changing economy. The tech giants continue to dominate, but energy companies and manufacturers also make a strong showing, reflecting the world's ongoing demand for energy and consumer goods.