Chipmaker Nvidia is now the world’s most valuable company, which means its time for an update to our frequent “trillion-dollar club” post.
In this graphic, Visual Capitalist's Marcus Lu visualized the market capitalizations of the world’s trillion-dollar companies, as of June 18, 2024. Included for additional context is the market cap of the median S&P 500 firm (as of May 30, 2024), as well as Taiwan’s TSMC, which is the next closest company to reaching the $1 trillion milestone.
Data and Key Takeaways
The figures used to create this graphic are included in the table below. Numbers for each company come from Companiesmarketcap.com, while the median S&P 500 market cap was sourced from S&P Global.
Here are the key reasons behind each of these companies’ massive valuations:
Nvidia: Industry leader in data center chips, essential for training artificial intelligence
Microsoft: Dominance in enterprise software products (e.g. Windows, Office, Azure)
Apple: Strong track record of innovation and a large, loyal customer base
Alphabet: Leading player in online advertising and other digital platforms (e.g. Google Search, Youtube)
Amazon: Dominance in e-commerce and rising cloud computing market share through Amazon Web Services (AWS)
Saudi Aramco: World’s largest oil producer with massive reserves
Meta: Dominant player in social media (Facebook, Instagram, Whatsapp)
If you’re interested in learning more, check out our graphic: Visualizing How Big Tech Companies Make Their Billions.
Which Company Will Hit $1 Trillion Next?
As of June 18, there are a few candidates that could soon join the trillion-dollar club, including TSMC ($932B), Berkshire Hathaway ($881B), Eli Lilly ($847B), and Broadcom ($839B).
Most of these stocks have climbed significantly in 2024 so far, with TSMC up 77% since the start of the year, Eli Lilly up 51%, and Broadcom up 66%.
