Tech companies quintuple India and sextuple France

The world's 10 largest technology companies, with a combined market capitalization of approximately 18 trillion dollars, have surpassed China, which had a 2023 gross domestic product (GDP) of 17.6 trillion dollars.

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According to information compiled from the Companies Market Cap website, when examining the shares and market values of the world's largest technology companies, Apple stands as the world's most valuable company with a market capitalization of 3.4 trillion dollars.

Starting modestly in a garage in California on April 1, 1976, Apple has transformed into one of the world's most valuable and influential companies with its cutting-edge designs, user-friendly interfaces, and innovative products. Apple became a public company under the name "Apple Computer" at the beginning of 1977.

46 BILLION DOLLAR INCREASE IN 1 YEAR

The "iPhone," the first smartphone Apple released in 2007, gave consumers the ability to browse the internet just like on a desktop computer. After this date, which is considered one of the major turning points in the technology world, Apple's global recognition and, consequently, its market value experienced a rapid rise. The company's market value, which was 73.8 billion dollars in January 2007, rose to 120 billion dollars a year later.

The company, which had a market value of 1.1 trillion dollars in March 2020, coinciding with the beginning of the pandemic, saw a sharp rise during the pandemic period, doubling its value to reach 2.2 trillion dollars in August 2020. Although the company has had a volatile chart since then, it currently has a market value of 3.4 trillion dollars.

Apple is followed by Microsoft with a value of 3.3 trillion dollars. Microsoft has recorded a significant increase in its market value recently. While the company's value was at the 2.5 trillion dollar level in July 2023, it reached 3.3 trillion dollars in July 2024. Among the reasons for this rapid increase in Microsoft's market value are the rising demand for cloud computing services, the returns on artificial intelligence investments, and new product launches.

NVIDIA SURPASSED 3 TRILLION DOLLARS

NVIDIA, which ranks 3rd, has also attracted attention in the technology world by recording a striking increase in its market value recently. While NVIDIA's market value was 1.2 trillion dollars in July 2023, this figure exceeded 3 trillion dollars in July 2024.

High demand for artificial intelligence and data center solutions, growth in the gaming sector, and the launch of new-generation graphics processors led to a significant increase in NVIDIA's market value. In particular, new products and the expansion of the corporate customer base gave great momentum to the company's market value.

In the list, Google's parent company Alphabet ranks 4th with a market value of 2.2 trillion dollars, Amazon 5th with 1.9 trillion dollars, Meta 6th with 1.2 trillion dollars, TSMC 7th with 878 billion dollars, Tesla 8th with 802 billion dollars, Broadcom 9th with 749 billion dollars, and Tencent 10th with 449 billion dollars.

5 TIMES THE SIZE OF INDIA, 6 TIMES THAT OF FRANCE

When looking at the 10 technology companies with the highest market value, the total size exceeds 18 trillion dollars. This value has surpassed China, which ranked 2nd among the 20 countries with the highest gross domestic product in 2023 and had a 2023 GDP of 17.6 trillion dollars.

According to Statista, the total value of the 10 technology companies with the highest market capitalization is equivalent to 5 times the size of India, which had a 2023 GDP of approximately 3.6 trillion dollars, and 6 times the size of France, which had a GDP of 3 trillion dollars.