The tech companies, in a way, rule the world. They have the ability to make or break the stock market. It is essential that one should know who these companies are so that one can have an idea about their global reach. According to the technology industry trade association, the global tech industry can potentially exceed a revenue of 5.3 trillion dollars in 2022. The growth of these global tech companies is increasing every year in a 5% to 6% pattern. Because of these tech companies, the gaming sector is advancing daily, and people can do the things they love, like playing bingo games online. Let us then look at the world’s top 5 biggest tech companies by their prospects in the upcoming year and market capitalization.
Apple Inc. (AAPL)
At present, Apple Inc. has a market value of 2.8 trillion dollars. Apple is one of the only two tech companies in the world with a market price of over 2 trillion dollars. The company also boasts of being the first-ever company to reach this mark of two trillion. It was founded in 1977, and since then, it has continuously been ruling the market. The company had been in business long before the present big names like Amazon. Apple has been developing iPad, iPod, iPhone, and Mac computers, and it is safe to say that even today, it has a few competitors. It has almost been 45 years since its inception, and Apple’s dominance is not stopping. Time and again, Apple has reinforced its legacy of being the top tech company in the world.
Microsoft Corporation (MSFT)
Since its inception in 1985, Microsoft has ruled over the world’s market of computers. Presently, it has a market value of 2.3 trillion dollars and is in the second position of the top 5 biggest tech companies in the world. For a very brief period, it stepped down from the forefront, only to come back stronger and as a leader in providing cloud-based services. Microsoft was initially considering purchasing the cybersecurity firm Mandiant Inc. because, according to CEO Satya Nadella, “cybercrime is the number one threat facing every business today.” The company’s arsenal of products includes Skype, the video-calling platform, LinkedIn, the business social media site, and GitHub, which is an open-source coding platform. On February 10th, Microsoft’s stocks closed at 305.40 dollars.
Taiwan Semiconductor Manufacturing Co. Ltd. (TSM)
By market value, Taiwan Semiconductor Manufacturing Co. Ltd is the biggest chip manufacturer in the entire world. One of the reasons for this is that they are the only company that makes Apple Inc.’s M- and A-series chips. It came as a surprise to all when Apple, in 2020, went ahead to break its decade-long relationship with Intel Corporation (INTC) and tied links with TSM to satisfy all its chip needs. TSM has a market share price of 125.70 dollars with an average price target of 150.50 dollars. TSM’s market capitalization is 640 billion dollars. Treasurer Jen Chau Huang said, “Based on the current business outlook, we expect our first-quarter revenue to be between 16.6 billion dollars and 17.2 billion dollars”.
Nvidia Corp. (NVDA)
Primarily a computer graphics company, recently Nvidia Corporation has branched out into data center platforms and systems. This has had an impressive stock market trajectory on this company’s part. Since February 2017, Nvidia Corporation’s stock has gained 840%. On February 8th, the company called off its attempt to aquire the UK-based design firm Arm Ltd. It would have been the biggest semiconductor deal to be recorded had this happened. However, as a result of this, Nvidia’s stocks went up in the market. Its market capitalization is estimated to be around 620 billion dollars.
Samsung Electronics Co.Ltd.
Samsung is an IT company based in South Korea, focused on mobile communication, worldwide consumer electronics, and business services. Samsung offers its consumers everything from computers and digital televisions to LCD displays and semiconductor products. In 2021, Samsung was reported to record a revenue of 232 billion dollars, which was almost an 18% increase in their year-over-year revenue. The company, at present, is currently focused on boosting its profitability, capital management efficiency, and cost competitiveness.
Conclusion
There is little doubt that these are huge names who rule the stock market. They hold solid ground in providing all their consumers with high-quality services of computer hardware, telecom equipment, software, semiconductors, electronics, and e-commerce.
