2020 has been a rough year for all, including for the financial world. The stock market witnessed a roller-coaster ride, collapsing in the first half of the year, but picking up in the later part. Individual companies also witnessed a wild swing in their stock price. Though the pandemic impacted the stock prices of big and established companies also, the intensity of the impact wasn’t as severe. In fact, the top companies were able to maintain their place in the top ten list. If you want to know what the top companies are, then detailed below are the top ten biggest stocks by market cap.
Top Ten Biggest Stocks By Market Cap
Our list of the top ten biggest stocks by market cap is based on their market cap as of Jan. 25, 2021. Following are the ten biggest stocks by market cap:
Amid the turmoil in the public markets and the staggering macroeconomic environment, it should come as no surprise that the private markets are also struggling. In fact, there are some important links between private equity and the current economic environment. A closer look at PE reveals that the industry often serves as a leading indicator Read More
TSMC (TSM, $586.43 billion)
TSMC (Taiwan Semiconductor Manufacturing Company) is the third biggest semiconductor manufacturer globally, with the other two being Intel and Samsung. The company was founded in 1987 and has its headquarters in Hsinchu, Taiwan. TSMC’s market cap was $63.55 billion in 2010. The company reported revenue of $46.20 billion in 2020, compared to $38.18 billion in 2019 and $36.80 billion in 2018.
Alibaba (BABA, $720.36 billion)
Alibaba Group is a Chinese technology company that specializes in e-commerce, retail, internet and technology. The company was founded in June 1999, and has grown from 4,400 permanent employees in 2007 to around 66,500 employees in 2018. The market cap of the company in 2015 was $202.80 billion. Alibaba’s revenue was $90.11 billion in 2020, compared to $75.36 billion in 2019.
Facebook (FB, $791.85 billion)
Facebook owns many popular social media networks, such as Facebook, video and photo sharing app Instagram, and WhatsApp. The company also offers virtual reality hardware under the brand name Oculus VR. Facebook’s market cap was around $139 billion in 2013. The company reported revenue of $77.71 billion in 2020, compared to $69.65 billion in 2019 and $55.01 billion in 2018.
Tesla (TSLA, $834.91 billion)
Tesla is a U.S. company that manufactures and sells electric cars. The company also makes power storage and photovoltaic systems. Tesla’s objective is to “accelerate the transition to sustainable energy.” It is named after physicist and inventor Nikola Tesla. The market cap of the company in 2010 was $2.52 billion. Tesla reported revenue of $28.17 billion in 2020, compared to $24.57 billion in 2019.
Tencent (TCEHY, $947.68 billion)
Tencent is a Chinese tech company that offers multiple services. The company offers messaging services, multiplayer online games, online media, online advertising, social networks, internet value-added services and e-commerce. WeChat and QQ are two of its most popular services. In 2010, the market cap of the company was $7.79 billion. Tencent reported revenue of $65.66 billion in 2020, compared to $58.16 billion in 2019.
Alphabet (GOOG, $1.283 trillion)
Alphabet is the parent company of Google. The company has its headquarters in Mountain View in Silicon Valley. In 2020, the company reported revenue of $188.49 billion, compared $172.37 billion in 2019. Alphabet reported a profit of $40.19 billion in 2020, compared to $39.72 billion in 2019. In 2010, the company had a market cap of $10.38 billion.
Amazon (AMZN, $1.653 trillion)
Amazon is a U.S. online retailer that offers a range of services. The company is the market leader in internet trade and has the biggest collection of books, CDs and videos. Amazon also sells hardware under the Amazon Kindle brand. In 2010, the company’s market cap was around $81 billion. Amazon reported revenue of $347.94 billion in 2020, compared to $280.52 billion in 2019.
Microsoft (MSFT, $1.735 trillion)
Microsoft is a U.S. company that develops software and hardware. The company has a search engine (Bing), the computer operating system Windows and cloud solutions. It also offers hardware under the Surface brand name. As well, it is the maker of Xbox gaming hardware. In 2010, Microsoft’s market cap was about $234 billion in 2010. In 2020, the company reported revenue of $147.11 billion, compared to $134.24 billion in 2019.
Saudi Aramco (2222.SR, $2.043 trillion)
This is a Saudi Arabian national petroleum and natural gas company. Saudi Aramco is the biggest oil producing company globally, and is the second biggest in terms of proven crude oil reserves. In 2019, the market cap of the company was $1.879 trillion. The company reported revenue of $245.93 billion in 2020, compared to $330.43 billion in 2019. Earnings for the company was $115.46 billion in 2020, down from $179.25 billion in 2019.
Apple (AAPL, $2.404 trillion)
Apple, with a market cap of over $2 trillion, is the most valuable company in the world. About a decade back, Apple’s market cap was around $297.09 billion. Apple is a technology company that makes hardware and software. Specifically, the company sells computers, smartphones, consumer electronics and more. For 2020, Apple reported revenue of $274.5 billion, compared to $267.68 billion in 2019.