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The world’s largest publicly traded firms have added trillions of {dollars} in market cap over the previous 12 months, with Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), Alphabet (GOOG) (GOOGL), Amazon (NASDAQ:AMZN), and Nvidia (NASDAQ:NVDA) including a complete of $2.4T since September of 2023.
The 5 tech titans now characterize $9.1T in market cap, an advance of 36% over the previous yr, in accordance with Accel, a enterprise capital agency. See the market cap jumps AAPL, MSFT, GOOG, AMZN, and NVDA have made since September 2022 by means of September 2023:
- Apple: Sept. 2022 market cap equaled $2.2T and Sept. 2023 market cap equaled $2.7T.
- Microsoft: Sept. 2022 market cap equaled $1.7T and Sept. 2023 market cap equaled $2.3T.
- Alphabet: Sept. 2022 market cap equaled $1.3T and Sept. 2023 market cap equaled $1.7T.
- Amazon: Sept. 2022 market cap equaled $1.2T and Sept. 2023 market cap equaled $1.3T.
- Nvidia: Sept. 2022 market cap equaled $0.3T and Sept. 2023 market cap equaled $1.1T.
See the chart beneath, put collectively by Accel:
Trying outdoors of Wall Avenue’s trillion-dollar gamers, cloud computing tech firms additionally climbed the market cap ladder since final yr. Shares of Oracle (ORCL) and Adobe (ADBE) each elevated their market caps by at the least 75%, as ORCL went from $165B to $290B and ADBE went from $130B to $230B.
One leg decrease and 5 different cloud computing corporations that noticed market cap will increase of at the least 20% included
IBM (IBM), Intuit (INTU), Salesforce (CRM), ServiceNow Inc (NOW), and SAP (SAP) every noticed market cap will increase of at the least 20%. IBM went from $105B to $130B, INTU grew from $110B to $145B, CRM jumped from $145B to $195B, NOW climbed from $75B to $115B, and SAP ascended from $95B to $150B.
See the 2023 value motion to all 12 shares mentioned:
- Nvidia +222.1%
- Adobe +62.1%
- Alphabet +55.9%
- Salesforce +54.7%
- Amazon +51.2%
- ServiceNow Inc +43.1%
- Apple +42.9%
- Microsoft +37.7%
- Intuit +37.1%
- Oracle +28.7%
- SAP +23.6%
- IBM -3.1%