Top 20 Largest Companies by Market Capital
While all people are thinking about the largest companies situated in Silicon Valley, computers and also some digital giants like Apple, Alphabet, and Meta will come first in our minds. You will be surprised about such public companies in the Silicon Valley that have extended above the technology sector mainly and if you extend such traditional borders of the Silicon Valley that is a bit north and northeast will contain Contra Costa County and also the town of San Francisco itself.
As a non-tech company, you can watch Wells Fargo & Co., Visa, and Chevron Corporation. There are also some multinational major firms that have situated their headquarters in Silicon Valley.
Here is the list of Top 20 Largest Companies by Market Capital-
20. Novo Nordisk
Total Market Capital: $361 Billion
Novo Nordisk, a global healthcare company specializing in diabetes care and other chronic diseases, has experienced significant expansion over the years. The company has expanded its market presence through the development and launch of innovative pharmaceutical products and medical devices. Novo Nordisk has also focused on expanding its geographical reach by entering new markets and strengthening its distribution networks.
Additionally, the company has engaged in strategic collaborations and partnerships to enhance its research and development capabilities and explore new therapeutic areas. Through these efforts, Novo Nordisk has solidified its position as a leader in diabetes care and has continued to expand its portfolio of treatments for other chronic diseases. The current capital of the market is $361 Billion and the P/E ratio is 41.41.
19. Tencent
Total Market Capital: $377 Billion
Tencent, a Chinese multinational conglomerate, has rapidly expanded its presence and influence in the global technology and entertainment sectors. As the world’s largest video game publisher and social media company, Tencent has successfully ventured into diverse areas, including e-commerce, digital payments, cloud services, and streaming platforms.
Its strategic investments and acquisitions have propelled its growth, with significant stakes in companies such as Epic Games, Riot Games, and Spotify. Tencent’s expansion has extended beyond China, with a focus on international markets and partnerships. By leveraging its vast user base and technological expertise, Tencent continues to solidify its position as a dominant player in the digital landscape. The current capital of the market is $377 Billion and the P/E ratio is 22.5.
18. Walmart
Total Market Capital: $391 Billion
Walmart, the world’s largest retail company, has experienced significant expansion over the years. With its low-cost strategy and extensive supply chain, Walmart has successfully established a vast network of stores across the globe. It has expanded into new markets through acquisitions, partnerships, and organic growth. Additionally, Walmart has diversified its offerings beyond traditional retail, entering the e-commerce space with its online platform.
It has invested in technology and innovation, such as automated fulfillment centers and digital transformation initiatives, to enhance its operations and improve the customer experience. Walmart’s continuous expansion has solidified its position as a dominant force in the retail industry worldwide. The current capital of the market is $391 Billion and the P/E ratio is 34.6.
17. JPMorgan Chase
Total Market Capital: $395 Billion
JPMorgan Chase, one of the largest financial institutions in the world, has undergone significant expansion in recent years. The company has expanded its global presence, opening new branches and offices in key international markets. It has also diversified its services, offering a wide range of financial products including investment banking, asset management, commercial banking, and consumer banking.
JPMorgan Chase has made strategic acquisitions to enhance its capabilities and expand into new markets. Additionally, the company has embraced technology and digital transformation, investing in innovative solutions to improve customer experience and streamline operations. Its expansion has solidified its position as a leading player in the global financial industry. The current capital of the market is $395 Billion and the P/E ratio is 10.5.
16. Johnson & Johnson
Total Market Capital: $400 Billion
Johnson & Johnson, a multinational corporation founded in 1886, has experienced significant expansion and global influence. With diverse offerings in pharmaceuticals, medical devices, and consumer healthcare products, the company has become a leader in the healthcare industry. Johnson & Johnson’s robust portfolio includes well-known brands like Band-Aid, Neutrogena, and Tylenol. Through strategic acquisitions and partnerships, the company has expanded its reach in various healthcare sectors, including pharmaceutical research and development, medical technology advancements, and consumer health. Johnson & Johnson’s commitment to innovation, research, and high-quality products has positioned it as one of the largest and most trusted companies in the healthcare domain. The current capital of the market is $400 Billion and the P/E ratio is 21.6.
15. Eli Lilly
Total Market Capital: $402 Billion
Eli Lilly, a leading pharmaceutical company, has experienced significant expansion and solidified its position as one of the largest companies in the industry. With a rich history of innovation and a commitment to improving global health, Eli Lilly has expanded its reach across therapeutic areas and geographies.
Through strategic acquisitions, partnerships, and internal research and development, Eli Lilly has expanded its product portfolio to encompass a wide range of therapeutic areas, including neuroscience, oncology, diabetes, immunology, and more. This diversification has enabled the company to address a broad spectrum of diseases and deliver life-changing treatments to patients worldwide.
Eli Lilly’s expansion efforts have also extended globally, with a presence in multiple countries and collaborations with healthcare organizations and research institutions around the world. This global reach allows the company to leverage diverse perspectives and expertise, accelerating the development and delivery of innovative therapies to patients in need.
Furthermore, Eli Lilly has invested in cutting-edge technologies and digital health solutions to enhance patient care and improve treatment outcomes. By leveraging data analytics, artificial intelligence, and digital platforms, the company aims to personalize therapies, streamline clinical trials, and provide real-time insights to healthcare professionals.
As Eli Lilly expands, it remains committed to maintaining the highest standards of quality, safety, and ethical practices. The company’s dedication to patient-centricity and its focus on improving the lives of individuals globally continue to drive its growth and solidify its position as a leader in the pharmaceutical industry. The current capital of the market is $402 Billion and the P/E ratio is 46.7.
14. Exxon Mobi
Total Market Capital: $414 Billion
ExxonMobil, one of the largest publicly traded multinational oil and gas companies, has a long history of expansion and growth. The company has achieved its position through various strategies and initiatives.
ExxonMobil has expanded its operations through exploration and production activities in both conventional and unconventional energy sources. It has invested heavily in technologies such as deepwater drilling, shale gas extraction, and liquefied natural gas (LNG) projects. These investments have allowed the company to tap into new reserves and increase its production capabilities.
Additionally, ExxonMobil has pursued strategic acquisitions and partnerships to expand its global presence. It has acquired assets and formed joint ventures with other companies to access new markets and resources. For example, the company has made significant investments in emerging markets like Brazil and Mozambique to capitalize on their growing energy demands.
Furthermore, ExxonMobil has diversified its portfolio beyond traditional oil and gas operations. It has ventured into downstream activities, including refining, petrochemicals, and marketing, to capture additional value along the supply chain. This diversification has helped the company navigate market fluctuations and optimize its profitability.
Lastly, ExxonMobil has prioritized research and development to drive innovation and technological advancements. The company has dedicated significant resources to develop cleaner energy solutions and reduce its environmental footprint. It has also invested in carbon capture and storage technologies, renewable energy projects, and biofuels. The current capital of the market is $414 Billion and the P/E ratio is 11.4.
13. LVMH
Total Market Capital: $437 Billion
LVMH Moët Hennessy Louis Vuitton, commonly known as LVMH, is the largest luxury goods conglomerate in the world. With a diverse portfolio of prestigious brands spanning fashion, cosmetics, jewelry, watches, and spirits, LVMH has experienced remarkable expansion and success. The company’s growth can be attributed to its strategic acquisitions and a strong focus on craftsmanship, quality, and innovation. LVMH’s luxury brands, including Louis Vuitton, Dior, Givenchy, Moët & Chandon, and Hennessy, have become synonymous with elegance and exclusivity. The company has expanded its presence globally, capitalizing on the growing demand for luxury products in emerging markets like China. The current capital of the market is $437 Billion and the P/E ratio is 29.3.
12. United Health
Total Market Capital: $445 Billion
UnitedHealth Group is one of the largest companies in the healthcare industry and has experienced significant expansion over the years. As a diversified health and well-being company, UnitedHealth Group operates through two main segments: UnitedHealthcare, a health benefits provider, and Optum, a health services platform. The current capital of the market is $445 Billion and the P/E ratio is 22.5.
UnitedHealthcare offers a wide range of health insurance plans, including employer-sponsored, individual, and government-sponsored plans. The company’s expansion has been driven by its ability to adapt to changing healthcare needs and regulations, expanding its coverage options and provider networks to serve a broader population.
Optum, on the other hand, focuses on providing health services and technology solutions. It offers services such as pharmacy benefits management, healthcare delivery, data analytics, and technology-enabled solutions to improve care delivery and cost management. Optum’s expansion has been fueled by acquisitions of various healthcare companies, allowing it to expand its capabilities and reach.
11. Visa
Total Market Capital: $454 Billion
This company is mainly famous for its ubiquitous credit cards, Visa is also a financial services company that has based in Silicon Valley. The headquarters are situated in the San Francisco Bay Area. The current capital of the market is $454 billion and the P/E ratio is 35.8. It has mainly supplied banks, financial institutions, and credit unions with products.
10. TSMC
Total Market Capital: $516 Billion
TSMC, short for Taiwan Semiconductor Manufacturing Company, is the world’s largest semiconductor foundry and a key player in the global technology industry. The company has experienced significant expansion and growth in recent years. The current capital of the market is $516 Brillion and the P/E ratio is 29.2.
TSMC has continually expanded its manufacturing capabilities and advanced its technological processes to meet the increasing demand for semiconductors. It has invested heavily in research and development to develop cutting-edge chip manufacturing technologies and maintain its position as a leader in the industry.
The company’s expansion has also been driven by its strong relationships with major technology companies around the world. TSMC works closely with companies like Apple, NVIDIA, and Qualcomm, manufacturing chips for their devices and enabling technological advancements in areas such as smartphones, gaming, and artificial intelligence.
In response to the growing demand for semiconductors, TSMC has been investing in the construction of new fabs (fabrication facilities) and expanding its production capacity. It has also expanded its global footprint by establishing additional manufacturing facilities in various locations, including the United States and China.
9. Tesla
Total Market Capital: $634 Billion
Tesla, founded by Elon Musk in 2003, has rapidly emerged as one of the largest and most influential companies in the world. With a primary focus on electric vehicles (EVs), Tesla has revolutionized the automotive industry and has expanded its impact beyond transportation. The current capital of the market is $634 Brillion and the P/E ratio is 33.9.
Tesla’s commitment to sustainable energy has been instrumental in driving the adoption of electric vehicles on a global scale. The company’s groundbreaking EV models, such as the Tesla Model S, Model 3, Model X, and Model Y, have garnered widespread acclaim for their range, performance, and innovative features. Tesla’s Supercharger network, a fast-charging infrastructure, has alleviated concerns about long-distance travel and has played a vital role in boosting the EV market.
In addition to electric vehicles, Tesla has diversified its portfolio to include energy storage solutions, such as the Powerwall and Powerpack, aimed at revolutionizing the way we store and utilize renewable energy. The acquisition of SolarCity in 2016 further solidified Tesla’s position in the renewable energy sector, allowing customers to generate and store their own clean energy.
Tesla’s expansion has not been limited to products alone. The company has invested heavily in advanced manufacturing techniques, including Gigafactories, to increase production capacity and meet growing demand. Moreover, Tesla’s Autopilot feature, incorporating advanced driver-assistance systems, has paved the way for autonomous driving technology, pushing the boundaries of innovation in the automotive industry.
8. Meta
Total Market Capital: $672 Billion
Meta, the largest company in the world, has experienced unprecedented expansion in recent years, solidifying its dominant position in the global market. With a relentless drive for innovation, Meta has successfully extended its reach across various industries and transformed the way people interact, communicate, and access information. The total market capitalization is $672 Billion and the P/E ratio is 33.9.
In the realm of social media, Meta’s flagship platform, Facebook, has continued to thrive, boasting an astonishing user base of billions worldwide. Its seamless integration of virtual reality (VR) and augmented reality (AR) technologies has revolutionized the way people connect and share experiences, creating an immersive social landscape. Through strategic acquisitions and partnerships, Meta has also expanded its presence in the e-commerce sector, enabling users to seamlessly shop and transact within the platform.
Moreover, Meta’s advancements in artificial intelligence (AI) have fueled breakthroughs in areas such as natural language processing, computer vision, and machine learning. These developments have enhanced user experiences, personalization, and content curation across Meta’s ecosystem of platforms.
Recognizing the potential of blockchain technology, Meta has made significant strides in the cryptocurrency and digital asset space. The company launched its own cryptocurrency, MetaCoin, which has gained widespread adoption and serves as a medium of exchange within the Meta ecosystem. Additionally, Meta has invested in blockchain infrastructure and decentralized applications, solidifying its position as a leader in the digital economy.
Beyond the digital realm, Meta has ventured into ambitious projects aimed at addressing global challenges. The company’s research and development initiatives span areas such as renewable energy, healthcare, and sustainability, leveraging its vast resources and technological expertise to drive meaningful change.
7. Berkshire
Total Market Capital: $700 Billion
Berkshire Hathaway, led by the renowned investor Warren Buffett, is indeed one of the largest and most successful companies in the world. With its diversified portfolio of businesses, Berkshire Hathaway has continued to expand its reach and influence across various industries. The total market capitalization is $700 Billion and the P/E ratio is 7.57.
One key aspect of Berkshire Hathaway’s expansion strategy is its focus on acquiring companies. Over the years, the company has made numerous acquisitions, ranging from insurance and reinsurance companies to energy firms, manufacturing companies, and consumer brands. These acquisitions have not only added to Berkshire Hathaway’s revenue streams but have also allowed the company to enter new markets and expand its overall presence.
Moreover, Berkshire Hathaway has leveraged its strong financial position to invest in a wide array of publicly traded companies. The company’s investment portfolio includes holdings in major companies such as Apple, Bank of America, Coca-Cola, and American Express, among others. This strategy has not only provided Berkshire Hathaway with substantial capital appreciation but has also allowed it to exert influence on the operations and direction of these companies.
In addition to acquisitions and investments, Berkshire Hathaway has also expanded its operations by entering new industries. For instance, the company has ventured into the renewable energy sector through its subsidiary Berkshire Hathaway Energy, which owns and operates various renewable energy projects, including wind and solar farms.
Furthermore, Berkshire Hathaway’s expansion has extended beyond the borders of the United States. The company has made investments and acquisitions in international markets, including China, India, and Europe. This global expansion has enabled Berkshire Hathaway to tap into new markets, access a broader customer base, and capitalize on the growth potential of emerging economies.
6. NVIDIA
Total Market Capital: $990 Billion
NVIDIA, founded in 1993 by Jensen Huang, has emerged as one of the largest and most influential technology companies in the world. Specializing in graphics processing units (GPUs), NVIDIA has expanded its reach beyond gaming and become a dominant force in several industries, including artificial intelligence (AI), autonomous vehicles, data centers, and professional visualization. The total market capitalization is $990 Billion and the P/E ratio is 89.2.
The company’s success can be attributed to its relentless focus on innovation and cutting-edge technology. NVIDIA’s GPUs are widely recognized for their exceptional performance and efficiency, making them a preferred choice for gamers and professionals alike. By continuously pushing the boundaries of GPU capabilities, NVIDIA has solidified its position as a leader in the gaming industry.
However, NVIDIA’s expansion goes well beyond gaming. The company’s GPUs have become a crucial component in the field of AI, powering deep learning algorithms and accelerating data processing. With the rise of AI applications in various sectors, including healthcare, finance, and robotics, NVIDIA has seized the opportunity to become a key player in the AI revolution.
Moreover, NVIDIA has made significant strides in the autonomous vehicle industry. Its powerful GPUs enable advanced computer vision and real-time decision-making, making self-driving cars safer and more efficient. Collaborations with automotive manufacturers and partnerships with tech giants have further cemented NVIDIA’s position in this rapidly evolving market.
Another area where NVIDIA has demonstrated its dominance is data centers. The company’s GPUs are extensively used for accelerating computations in large-scale data centers, enabling faster and more efficient processing of complex tasks. This has fueled NVIDIA’s growth as data centers become increasingly crucial for industries such as cloud computing, scientific research, and machine learning.
Furthermore, NVIDIA’s professional visualization solutions have gained significant traction in industries like architecture, design, and entertainment. Their high-performance GPUs facilitate real-time rendering and simulation, allowing professionals to create realistic and immersive experiences.
5. Amazon
Total Market Capital: $1.25 Trillion
Amazon, founded by Jeff Bezos in 1994, has grown to become the largest company in the world in terms of market capitalization and revenue. Starting as an online marketplace for books, Amazon rapidly expanded its product offerings to include electronics, clothing, household goods, and more. Its commitment to customer satisfaction and innovative business strategies has been instrumental in its exponential growth. The total market capitalization is $1.25 Trillion and the P/E ratio is 295.83
One of Amazon’s key strategies for expansion has been the development of its own technology infrastructure. It pioneered cloud computing services with Amazon Web Services (AWS), which provides on-demand computing power and storage to businesses and individuals. AWS has become a major revenue driver for Amazon, powering numerous websites and applications worldwide.
Furthermore, Amazon’s acquisition strategy has played a crucial role in its expansion. Notable acquisitions include Whole Foods Market, a grocery chain, and Zappos, an online shoe retailer. These acquisitions have allowed Amazon to diversify its offerings and enter new markets.
Amazon has also ventured into the entertainment industry with the launch of Amazon Prime Video, a streaming service that competes with Netflix and Hulu. Additionally, it has developed its own line of consumer electronics, such as the Kindle e-reader, Fire tablets, and Echo smart speakers with the voice-activated assistant, Alexa.
International expansion has been another focus for Amazon. It operates in multiple countries, with localized versions of its website and services. It has invested heavily in building fulfillment centers and logistics networks worldwide, enabling it to offer fast and reliable delivery to customers globally.
Furthermore, Amazon has expanded beyond its core retail business by fostering third-party sellers through its platform. This has allowed small businesses and individuals to reach a wider customer base, driving further growth for Amazon.
In recent years, Amazon has also been actively investing in emerging technologies like artificial intelligence (AI), robotics, and autonomous vehicles. These investments aim to streamline operations, improve efficiency, and enhance the customer experience.
4. Alphabet
Total Market Capital: $1.57 Trillion
This company was founded by Jack Ma and his 17 friends founded Alibaba.com, this time Alibaba Group has become one of the largest names in the retailers and e-commerce Companies in 2020 and the 5th largest AI Company as well. It also has provided business-consumer and business services along with web portals, and electronic payment services. It also provides a search system for customers and cloud computing. The current capital of the market is $1.57 trillion and the P/E ratio is 28.0
It just has reached another level and also the services along with multiple screens and also several devices like browsers Chrome to phones like Android to the G Suite of cloud-based word processing applications.
3. Saudi Aramco
Total Market Capital: $2 Trillion
Saudi Aramco, officially known as the Saudi Arabian Oil Company is the largest company in the world by revenue and market capitalization. As a state-owned oil and gas company, it has played a crucial role in the growth and development of Saudi Arabia’s economy. The total market capitalization is $2 Trillion. The P/E ratio is 18.1
With its vast reserves of oil, Saudi Aramco has been able to expand its operations globally. The company has a strong presence in key international markets, including the United States, China, and Europe. It has formed strategic partnerships with other major oil companies and invested in downstream assets such as refineries and petrochemical plants to diversify its operations.
In recent years, Saudi Aramco has focused on expanding its portfolio beyond oil and gas. The company has made significant investments in renewable energy, particularly in solar power. It has also ventured into the development of new technologies, such as carbon capture and utilization, to reduce its carbon footprint and contribute to global efforts to combat climate change.
Furthermore, Saudi Aramco has been actively involved in research and development, collaborating with leading academic institutions and technology companies to drive innovation in the energy sector. It has established research centers and innovation hubs to explore emerging technologies and improve operational efficiency.
2. Microsoft
Total Market Capital: $2.5 Trillion
Microsoft, founded by Bill Gates and Paul Allen in 1975, has grown to become one of the largest and most influential companies in the world. With its headquarters in Redmond, Washington, Microsoft has expanded its reach and impact across various sectors, revolutionizing the technology landscape. The total market capitalization is $2.5 Trillion. The P/E ratio is 36.5
At the forefront of the personal computer revolution, Microsoft’s flagship product, the Windows operating system, became the dominant choice for millions of users, establishing Microsoft as a leader in the software industry. The company’s commitment to innovation led to the introduction of groundbreaking products like Microsoft Office, which revolutionized productivity software, and Internet Explorer, which played a pivotal role in the early days of the Internet.
In recent years, Microsoft has diversified its offerings, focusing on cloud computing, artificial intelligence, and enterprise software. Azure, Microsoft’s cloud computing platform, has emerged as a major competitor to Amazon Web Services (AWS) and has gained significant market share. Additionally, Microsoft’s acquisition of LinkedIn in 2016 expanded its presence in the professional networking space, enhancing its suite of business-oriented products and services.
Under the leadership of CEO Satya Nadella, Microsoft has embraced a more inclusive and collaborative approach, fostering partnerships and engaging with open-source communities. This shift has led to increased developer adoption, as well as the expansion of Microsoft’s software and services ecosystem.
Furthermore, Microsoft has made significant strides in the gaming industry with the Xbox brand. The introduction of Xbox Game Pass, a subscription-based service providing access to a vast library of games, has revolutionized the gaming experience and further solidified Microsoft’s position as a major player in the gaming market.
1. Apple
Total Market Capital: $2.8 Trillion
It is one of the topmost companies with uniqueness and along with all the places like a traffic signal, railway station, market places, daily numerous people buy Steve Jobs book and read it as well, Steve Jobs is undoubtedly a famous charismatic pioneer in the era of the personal computer. He founded Apple which is recently the most successful brand and one step forward in technology. It is mainly a multinational technology company to develop and sell electronic product.
The current capital of the market is $2.8 trillion and the P/E ratio is 29.2. This company is mainly a manufacturing company of the products like iPhone, Ipad, and Mac computers and also with several operating system software and application software to chase them. This company currently entered the financial services.
Read More: All the Top 10 Most Expensive Luxury Cars Available in India in 2023
