In the ever-evolving global business landscape, certain companies stand out for their size, influence, and market capitalization. These entities dominate their respective sectors and shape economic trends worldwide. In 2024, a select group of corporations continues to lead the pack, reflecting their innovation, resilience, and strategic vision.
10 largest companies in the world by market capitalization in 2024
The top 10 giants in the business world represent a cumulative market capitalization of over $15 trillion, underscoring their immense impact on global markets, technological innovation, and economic trends. This remarkable figure highlights the financial weight of these corporations and their role as leaders in shaping the future of industry, technology, and consumer behavior.
Below, we delve into the specifics of these market titans, exploring the diverse sectors they dominate and the innovative strides they continue to make.
Experience Skilling's award-winning platform
Try out any of Skilling’s trading platforms on the device of your choice across web, android or iOS.
1. Microsoft (MSFT): $3.124 T
A global leader in software, services, devices, and solutions that help people and businesses realize their full potential. Known for its Windows operating systems, Office productivity suite, and Azure cloud services.
2. Apple (AAPL): $2.916 T
Renowned for its innovation in consumer electronics, software, and online services. Apple's key products include the iPhone, iPad, Mac computers, and services like the App Store and iCloud.
3. Saudi Aramco (2222. SR): $2.010 T
The world's leading integrated energy and chemicals company, Saudi Aramco has the largest daily oil production and holds the second-largest proven crude oil reserves.
4. Alphabet (GOOG): $1.821 T
Alphabet is the parent company of Google, the internet's most dominant search engine. It also leads in digital advertising and has significant investments in cloud computing, hardware, and new technologies like AI.
5. Amazon (AMZN): $1.812 T
Amazon is a global powerhouse in e-commerce, cloud computing through AWS, digital streaming, and artificial intelligence. It's known for transforming retail through its massive online marketplace.
6. NVIDIA (NVDA): $1.781 T
Specializing in graphics processing units (GPUs) for gaming and professional markets, NVIDIA is also a major player in AI computing, automotive electronics, and mobile computing.
7. Meta Platforms (Facebook) (META): $1.193 T
Meta Platforms owns Facebook, Instagram, WhatsApp, and Oculus, connecting billions of people worldwide and leading in social media, messaging, and virtual reality technologies.
8. Berkshire Hathaway (BRK-B): $861.40 B
Led by Warren Buffett, Berkshire Hathaway is a diversified holding company owning subsidiaries in insurance, rail transportation, utilities, manufacturing, and retail, among others.
9. Eli Lilly (LLY): $702.63 B
A global healthcare leader that specializes in pharmaceuticals, Eli Lilly is committed to creating medicines that help people live longer, healthier, and more active lives.
10. TSMC (TSM): $690.36 B
The world's largest dedicated independent semiconductor foundry, Taiwan Semiconductor Manufacturing Company plays a critical role in the global electronics supply chain, manufacturing chips for leading tech firms.
Data sourced from CompaniesMarketCap as of February 12, 2024
How to invest in the largest companies in the world?
Traditional investment approach:
This method involves directly purchasing shares of a company, granting you ownership rights, including dividends (when distributed), and control over your investment capital. Typically, this is considered a long-term investment strategy, as significant growth and substantial returns can take years to realize. It's a method favored by those looking to build wealth steadily over time, focusing on companies with strong fundamentals and growth potential.
Trading approach:
CFD trading offers a more dynamic way to gain exposure to the market, characterized by short-term transactions that can last from hours to minutes or even seconds. Traders aim to capitalize on price fluctuations—both increases and decreases—without committing the full capital investment by utilizing financial leverage. This approach requires a keen understanding of market trends and the ability to act swiftly on price movements.
A comprehensive stock trading plan should incorporate both a fundamental analysis of the company's financial health and a technical analysis of its stock price trends. Essential to this strategy is effective risk management, ensuring that potential losses are kept within acceptable limits while maximizing profit opportunities.
5 steps to trade these famous stocks
- Research: Begin with thorough research on the companies and their market performance.
- Choose a platform: Select a reliable trading platform like Skilling.com, offering comprehensive tools and resources.
- Open an account: Register for a live account to familiarise yourself with the platform.
- Develop a strategy: Plan your investment strategy, considering your financial goals and risk tolerance.
- Start trading: Execute trades based on your research and strategy, using Skilling’s platform for real-time market data and analysis.
Test your strategy with a demo account - risk-free and profit-free - to get your start on your trading journey!
