US tech giants dominate global market value rankings

US tech giants dominate global market value rankings
Friday 3 January 2025 - 19:23
U.S. companies continue to dominate the global corporate landscape, securing top spots in the list of the 100 most valuable companies by market capitalization, according to a report by Ernst & Young (EY).

In its press release issued Friday, EY highlighted that American tech giants Apple, Nvidia, and Microsoft ranked as the world’s most valuable companies at the close of 2024.

Apple led the rankings with a market capitalization of approximately $3.78 trillion as of December 31, 2024. Nvidia followed at $3.28 trillion, while Microsoft stood at $3.13 trillion. Overall, U.S. companies claimed 62 of the top 100 positions on the list.

Notably absent from the top 10 were European companies. Within the broader list, only three German firms—SAP, Siemens, and Deutsche Telekom—secured spots among the top 100.

The findings underscore the continuing global dominance of the U.S. technology sector, while also reflecting the relative underrepresentation of European firms among the largest players in the global market.

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