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  • Writer's pictureRealFacts Editorial Team

Several Companies Approaching $1 Trillion Market Cap

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Currently, 7 companies boast the impressive milestone of having over $1 trillion in market capitalization. These companies are Apple (AAPL), Microsoft (MSFT), Nvidia (NVDA), Alphabet (GOOGL), Amazon (AMZN), Saudi Aramco (2222.SR), and Meta Platforms (META). Market capitalization is the total market value of a company's outstanding shares of stock, calculated by multiplying the current stock price by the total number of outstanding shares.

While only 7 companies currently hold the elite title of having a market capitalization of over $1 trillion, several others are approaching this significant milestone. After a recent rebound, Tesla (TSLA) is working its way back toward a $1 trillion valuation, with Berkshire Hathaway (BRKB) even closer to achieving this milestone. Taiwan Semiconductor Manufacturing (TSM) is on the doorstep of entering the trillion-dollar club, having briefly done so on Monday. Alongside these, Eli Lilly (LLY) and Broadcom (AVGO) round out the five biggest companies below $1 trillion, with all but Taiwan Semiconductor being S&P 500 giants. The following list shows these companies with their ticker and market cap.

Taiwan Semiconductor's market cap stands at $954.05 billion, driven by a resurgence in growth fueled by high-priced, high-margin AI chips. The company has seen its stock soar 76.9% in 2024, hitting a record high recently. Meanwhile, Warren Buffett's Berkshire Hathaway, valued at $887.37 billion, continues to benefit from its diverse investments across insurance, rail, energy markets, and consumer brands. Its solid earnings growth and strong investment portfolio, with Apple as its top holding, have propelled the stock up 15% in 2024.

Eli Lilly, with a market cap of $868.76 billion, has seen significant gains thanks to its diabetes and weight-loss drugs, along with a recent FDA approval for its Alzheimer's drug. Tesla, valued at $802.15 billion, is rebounding strongly after being one of the worst performers earlier this year, driven by hopes for advancements in self-driving and AI technologies. Lastly, Broadcom, at $792.87 billion, continues to grow through its chip and software segments, boosted by a series of acquisitions. All these companies have shown robust market performance in 2024, each driven by unique growth catalysts.


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