(BFM Bourse) – The ten largest market capitalizations in the United States unsurprisingly give pride of place to technology, even if pharmaceuticals and semiconductors are also present.
What are the largest groups on the stock market by country? To find out, the BFM Bourse editorial team decided to devote an article to each major market, retaining the ten largest market capitalizations for each country, based on data from companiesmarket.com.
It is obviously difficult not to write this series without starting with the most important market in the world, namely the United States. Uncle Sam’s country dominates the little world of the stock market head and shoulders. According to Bloomberg data from February compiled by Deutsche Bank, the United States alone represents $50.4 trillion in market capitalization, which is significantly more than the approximately $11.5 trillion in Chinese markets, the second largest (Japan is third with 6.200 billion dollars).
Listing the ten largest American capitalizations is more or less equivalent to drawing up the top 10 in the world. Only the Saudi oil major Saudi Aramco, fourth, and the large Taiwanese semiconductor component foundry TSMC, tenth, are not American groups.
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Tesla missing from the top 10
Ultimately, six of the “Magnificent Seven” of Wall Street appear in the ten largest American capitalizations. Tesla, which has lost more than 30% since the start of the year, due to slowing growth and the market’s disenchantment with electric vehicles, is missing.
For its part, Microsoft remains for the moment clinging to its position as the largest American and global capitalization, a position that the group took from Apple (second) in mid-January.
In third place for the moment is Nvidia and its crazy stock market rise (+85% since January 1, +588% over three years, +20.426% over ten years) fueled by demand for its graphics processors with the advent of generative artificial intelligence. However, several specialists do not see Nvidia becoming the world’s leading market capitalization in the short term.
Followed by Alphabet, the parent company of Google, then the e-commerce giant Amazon, and Meta, the parent company of Facebook and Instagram. Berkshire Hathaway, the investment company of famous investor Warren Buffet, is in seventh place. Eli Lilly, which like Novo Nordisk benefits from the market’s enthusiasm for antidiabetics and anti-obesity drugs, is eighth.
The top 10 is completed by the semiconductor group Broadcom and the payments giant Visa. Note that the JPMorgan bank is at the gates of the top 10 just ahead of… Tesla.
Julien Marion – ©2024 BFM Bourse