Tesla becomes the top gainer among the world's 10 most valuable companies

While global equity markets in November priced in the tariff rhetoric of Donald Trump, who was re-elected as US president, and rising geopolitical risks, Tesla emerged as the top gainer in equity markets among the world's 10 most valuable companies.

While confidence remains that the US economy can overcome the fight against inflation without entering a recession, the US Federal Reserve (Fed) lowered the policy rate by 25 basis points in November, bringing it to the 4.50-4.75 range. Although this monetary easing was welcomed by equity markets, the presidential elections held in the US caused this effect to remain limited.

The trade tariff rhetoric that re-elected US President Trump stated he would implement, as well as uncertainties regarding the new cabinet to be formed, also made it difficult for equity markets to find direction.

In addition, the concern that the ongoing war between Ukraine and Russia could intensify, harsh statements from the parties, and rising tension in the Middle East were closely followed by investors throughout November.

Although the position of the world's most valuable company changed hands several times in the January-November period, Apple remained at the top as of the end of November. While Nvidia, Microsoft, Amazon, Alphabet (Google), Saudi Aramco, Meta Platforms, Tesla, Berkshire Hathaway, and Taiwan Semiconductor Manufacturing Company (TSMC) followed Apple in the market value ranking, 8 of the world's 10 largest companies entered the ranking from America, 1 from Taiwan, and 1 from Saudi Arabia.

In the competition for the world's most valuable company, which took place between Apple, Nvidia, and Microsoft in the 11 months of the year, Apple ranked ahead of Nvidia and Microsoft as of the last trading day of November, becoming the world's most valuable company with 3.587 trillion dollars. In the ranking, Nvidia followed Apple with 3.385 trillion dollars and Microsoft with 3.148 trillion dollars.

The rest of the ranking was as follows: Amazon with 2.185 trillion dollars, Alphabet (Google) with 2.076 trillion dollars, Saudi Aramco with 1.768 trillion dollars, Meta Platforms with 1.449 trillion dollars, Tesla with 1.107 trillion dollars, Berkshire Hathaway with 1.040 trillion dollars, and TSMC with 957.74 billion dollars.

Tesla was the company that performed best in equity markets among the world's 10 most valuable companies in November. Tesla's stock price has risen 38.15 percent since the end of October and 38.91 percent since the beginning of the year, reaching 345.16 dollars.

Analysts noted that Elon Musk, the owner of Tesla, was close to Trump throughout the election process, and that the rise in Tesla shares after Trump's victory was noteworthy.

In addition, the announcement that Donald Trump, who was elected the 47th President of the US, would have businessman Elon Musk and entrepreneur Vivek Ramaswamy lead the Department of Government Efficiency also had an impact on the direction of Tesla shares.

Tesla shares were followed by US e-commerce giant Amazon with an 11.53 percent monthly rise and Berkshire Hathaway shares with a 7.12 percent gain. Amazon's announcement in November that it would invest an additional 4 billion dollars in the artificial intelligence company Anthropic, and the fact that a period where e-commerce stands out, such as Thanksgiving and Black Friday, is continuing, supported the company's performance in equity markets.

While Apple was the fourth company among the world's 10 most valuable companies to earn the most for its investors in November, the company's stock reached 237.33 dollars with a 5.06 percent gain.

Microsoft shares rose 4.21 percent to 423.46 dollars, Nvidia shares rose 4.14 percent to 138.25 dollars, shares of Saudi Aramco, which is traded on the Saudi Stock Exchange (Tadawul), gained 1.67 percent to 27.45 riyals, and Meta Platforms shares rose 1.19 percent to 574.32 dollars.

As of the end of the month, TSMC, which ranked 10th among the world's top 10 most valuable companies, recorded a 3.09 percent monthly decline, falling to 184.66 dollars. Alphabet shares also lost value in November, falling 1.27 percent to 170.49 dollars.

In recent days, the US Department of Justice had requested a federal judge to force Google to sell its "Chrome" internet browser. It was stated that the decision that Google created an "illegal monopoly" required the divestiture of Chrome, and it was emphasized that this would permanently end the company's control over search and allow competing search engines to access the browser.

Analysts, who noted that the ongoing antitrust lawsuit was effective in the said trend in Alphabet shares, pointed out that the news flow on the subject in the coming period could be effective on the direction of the company's shares.

News Source: AA