Largest companies by market cap, July 2023.

The rise of e-commerce is evident with Amazon and Alibaba featuring prominently in the top 50, exemplifying the ever-increasing consumer preference for online shopping. Semiconductor manufacturers like NVIDIA and TSMC also shine in the spotlight, showcasing the growing importance of chips in various industries.
Share this STORY

The complete tabulated list of the largest companies by market cap in July 2023, along with their respective industries and other interesting parameters:

Interesting insights from the list

Tech Dominance: Technology companies continue to dominate the list, with Apple and Microsoft holding the top two positions. Their market caps are significantly higher than other industries, showcasing the tech sector’s ongoing growth and innovation.

Saudi Aramco’s Presence: Saudi Aramco, the Saudi Arabian energy giant, stands out as the third-largest company by market cap. Its valuation as one of the largest oil producers demonstrates the continued significance of the energy sector despite increasing focus on renewable energy sources.

E-commerce Giants: Amazon and Alibaba represent the strength of e-commerce, with both companies ranking in the top 40. Their large market caps indicate the significance of online shopping in global consumer trends.

Rise of Chip Manufacturers: NVIDIA and TSMC, both semiconductor companies, have market caps exceeding $1 trillion and $500 billion, respectively. This highlights the increasing importance of chip manufacturing in various industries, including gaming, AI, and technology.

Healthcare Powerhouses: Companies like UnitedHealth, Johnson & Johnson, Novartis, and Pfizer showcase the prominence of the healthcare sector, emphasizing the ongoing demand for medical products, services, and advancements in pharmaceuticals.

Finance Giants: Visa, JPMorgan Chase, Mastercard, and Bank of America represent the financial sector’s strength. Their presence on the list reflects the continued significance of global financial services and payment processing.

China’s Influence: Tencent, Alibaba, ICBC, and Kweichow Moutai represent China’s influence on the list. These companies’ high market caps highlight China’s growing presence as a major player in technology, e-commerce, finance, and consumer goods.

Diversified Conglomerates: Berkshire Hathaway, Samsung, and Reliance Industries showcase the strength of diversified conglomerates with interests in multiple industries, indicating a strategic approach to business growth.

Luxury Brands: LVMH, Hermès, and L’Oréal are prominent luxury brands in the top 50, revealing the significance of the luxury goods market and global demand for high-end products.

Clean Energy and Sustainability: Tesla’s high market cap ($840 billion) underscores the growing importance of clean energy and sustainability in the global economy.

These insights demonstrate the diverse and dynamic nature of the global economy, with tech companies leading the way, followed by strong representation from industries like energy, e-commerce, healthcare, finance, and luxury goods. The rankings also indicate the growing influence of companies from emerging economies and the increasing focus on sustainability and clean energy.

    RankCompanyMarket Cap (USD)IndustryCountryInteresting Parameters
    1Apple$3.045 trillionTechnologyUSALeading tech company
    2Microsoft$2.609 trillionTechnologyUSASoftware, hardware, and cloud services
    3Saudi Aramco$2.08 trillionEnergySaudi ArabiaWorld’s largest oil producer
    4Alphabet (Google)$1.556 trillionTechnologyUSAParent company of Google and other ventures
    5Amazon$1.324 trillionConsumer DiscretionaryUSAE-commerce and cloud computing giant
    6NVIDIA$1.128 trillionTechnologyUSASpecializes in GPUs for gaming and AI
    7Tesla$840 billionConsumer DiscretionaryUSAElectric vehicle and clean energy company
    8Berkshire Hathaway$759 billionConglomerateUSADiversified holdings in various industries
    9Meta (formerly Facebook)$754 billionTechnologyUSASocial media and technology conglomerate
    10TSMC (Taiwan Semi)$520 billionTechnologyTaiwanWorld’s largest semiconductor foundry
    11Visa$499 billionFinancialsUSAGlobal payment technology company
    12UnitedHealth$475 billionHealthcareUSAHealth insurance and services provider
    13JPMorgan Chase$455 billionFinancialsUSALeading global investment bank and financial services provider
    14LVMH$455 billionConsumer DiscretionaryFranceLuxury goods conglomerate
    15Johnson & Johnson$447 billionHealthcareUSAPharmaceuticals, medical devices, and consumer goods
    16Eli Lilly$434 billionHealthcareUSAPharmaceutical company
    17Walmart$428 billionConsumer StaplesUSARetail giant with a global presence
    18Exxon Mobil$427 billionEnergyUSAMultinational oil and gas company
    19Tencent$417 billionTechnologyChinaInternet and technology conglomerate
    20Mastercard$380 billionFinancialsUSAGlobal payment technology company
    21Broadcom$378 billionTechnologyUSASemiconductor and infrastructure software
    22Novo Nordisk$367 billionHealthcareDenmarkPharmaceutical company
    23Samsung$364 billionTechnologySouth KoreaDiversified technology and electronics company
    24Procter & Gamble$362 billionConsumer StaplesUSAConsumer goods and personal care products
    25Home Depot$326 billionConsumer DiscretionaryUSAHome improvement retailer
    26Nestle$322 billionConsumer StaplesSwitzerlandFood and beverage company
    27Kweichow Moutai$321 billionConsumer StaplesChinaWorld’s largest distiller of spirits
    28Oracle$320 billionTechnologyUSAEnterprise software and cloud computing
    29Chevron$303 billionEnergyUSAIntegrated oil and gas company
    30ASML$292 billionTechnologyNetherlandsSemiconductor manufacturing equipment
    31Merck$272 billionHealthcareUSAPharmaceutical company
    32Coca-Cola$269 billionConsumer StaplesUSABeverage company
    33PepsiCo$263 billionConsumer StaplesUSAFood and beverage company
    34Bank of America$255 billionFinancialsUSAGlobal financial institution
    35Roche$253 billionHealthcareSwitzerlandPharmaceutical and diagnostics company
    36Costco$250 billionConsumer StaplesUSAMembership-only warehouse club
    37AbbVie$249 billionHealthcareUSABiopharmaceutical company
    38L’Oréal$245 billionConsumer StaplesFranceCosmetics and beauty products
    39Alibaba$243 billionTechnologyChinaE-commerce and technology conglomerate
    40Adobe$239 billionTechnologyUSASoftware and multimedia solutions
    41IHC (International Holding Company)$235 billionConglomerateUnited Arab EmiratesDiversified conglomerate with various interests
    42Toyota$225 billionConsumer DiscretionaryJapanAutomotive manufacturer
    43Novartis$222 billionHealthcareSwitzerlandPharmaceutical company
    44Thermo Fisher Scientific$220 billionHealthcareUSAScientific research and laboratory equipment
    45Salesforce$220 billionTechnologyUSACloud-based software and CRM solutions
    46Hermès$218 billionConsumer DiscretionaryFranceLuxury goods manufacturer
    47Cisco$218 billionTechnologyUSANetworking hardware and solutions
    48AstraZeneca$214 billionHealthcareUnited KingdomPharmaceutical company
    49McDonald’s$213 billionConsumer DiscretionaryUSAGlobal fast-food chain
    50ICBC (Industrial and Commercial Bank of China)$211 billionFinanceChinaLargest bank in the world by total assets
    51Royal Dutch Shell$211 billionEnergyUnited KingdomOil and gas company
    52Reliance Industries$211 billionConglomerateIndiaDiversified conglomerate

    Share this STORY

    One comment

    1. Thanks for all your valuable work on this web site. My daughter enjoys setting aside time for research and it is obvious why. We all know all of the powerful ways you offer functional techniques via your blog and therefore increase contribution from some other people on that theme while our child is truly starting to learn so much. Enjoy the remaining portion of the new year. You have been carrying out a glorious job.

    Leave a Reply

    Your email address will not be published. Required fields are marked *