U.S. companies dominated the list of the world’s top 100 companies by market capitalization in 2024, according to a report by global auditing and investment firm EY. Tech giants Apple, Nvidia, and Microsoft secured the top three spots, reflecting the technology sector’s dominance in the global economy.
Ranking of the Highest Market Cap Companies:
- Apple:
Apple led the list with a market capitalization of $3.78 trillion as of December 31, 2024. - Nvidia:
Nvidia came in second with a market cap of $3.28 trillion. - Microsoft:
Microsoft ranked third with a market cap of $3.13 trillion.
U.S. Companies Dominate the List:
U.S. companies accounted for 62 out of the top 100 companies, showcasing the strength and influence of the American economy on global markets.
European Companies in the List:
No European company made it into the top 10. However, three German companies managed to secure spots in the top 100:
- Software giant SAP.
- Technology powerhouse Siemens.
- Telecommunications company Deutsche Telekom.
Analysis of the List:
The list highlights the continued dominance of the technology sector in the global economy, with tech companies occupying the top positions. It also underscores the U.S.’s leadership in innovation and economic growth, while European companies face challenges in competing on a global scale.