The unstoppable advance of digitalization continues to position the technology sector as the undisputed leader in economic valuation. According to data from Bloomberg, the major tech companies occupy the top spots in the global market capitalization ranking, with Apple and Nvidia leading the list.
Apple Leads, But Nvidia is Gaining Ground
Apple maintains its position as the world’s most valuable company, reaching a market capitalization of $3.812 trillion by the end of 2024. This represents an increase of 30.6% compared to the previous year. However, this year, Nvidia’s spectacular rise stands out, as it has become the second most valuable company, with a year-over-year growth of 174.3%. The company led by Jensen Huang reached $3.367 trillion, coming very close to the Cupertino giant.
Nvidia has experienced this growth thanks to the surge in Artificial Intelligence, a sector in which it has consolidated its leadership through innovations in graphics processors and specialized hardware for AI applications.
Microsoft, Google, and Amazon Complete the ‘Top 5’
Microsoft, despite a 12.7% increase in its market capitalization, has dropped to third place, with a value of $3.159 trillion. Google and Amazon occupy the fourth and fifth positions, with valuations of $2.350 trillion (+36.7%) and $2.327 trillion (+45.5%), respectively.
The rise of these companies reflects the strength of their businesses based on cloud services, digital advertising, and e-commerce, sectors that continue to show exponential growth.
Retreat of Aramco and Tech Consolidation
The rise of tech companies has pushed out firms from other sectors, such as the Saudi oil company Aramco, which has fallen three positions to sixth place, with a market capitalization of $1.798 trillion, a 13% decrease from the previous year. This setback underscores the shift toward more sustainable and digital economies.
Meta, Tesla, and Broadcom in the ‘Top 10’
Meta (7th), Tesla (8th), and Broadcom (9th) round out the top 10, standing out for their strong revaluations. Meta increased its value by 67.1%, reaching $1.493 trillion, driven by its focus on virtual reality and monetizing platforms like Instagram and WhatsApp. Tesla, with a market capitalization of $1.340 trillion (+67.3%), solidifies its position as a hybrid player between the automotive and technology sectors. Meanwhile, Broadcom achieved a growth of 111.1%, reaching $1.104 trillion thanks to its strategic role in semiconductor development.
Tech Dominance in the Global Ranking
The tech sector not only dominates the ‘top 10’ but also extends widely in the ranking of the 50 most valuable companies in the world. Companies like TSMC (11th), Tencent (16th), Oracle (19th), and Netflix (25th) continue to lead in specific segments such as chips, digital entertainment, and enterprise software.
Conclusion: A Consolidated Tech Era
The dominance of the tech sector in the global economy reflects not only the impact of digitalization but also the increasing importance of areas such as Artificial Intelligence, cloud computing, and communications. As companies like Apple and Nvidia lead the transformation, other tech firms continue to expand their horizons, consolidating an ecosystem that defines the 21st century.