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20 Largest Companies in the World by Market Cap in 2024

In this article, we will be taking a look at the 20 largest companies in the world by market cap in 2024. If you want to skip our detailed analysis, you can go directly to 5 Largest Companies in the World by Market Cap in 2024.

The biggest companies in the world by market cap operate within various sectors, including energy, healthcare, retail, financial services, and technology. In fact, some of the top most valuable companies on our list, including Alphabet Inc. (NASDAQ:GOOGL), Apple Inc. (NASDAQ:AAPL), and Microsoft Corporation (NASDAQ:MSFT), are all part of the technology sector. Let’s take a look at what’s going on in the global technology industry before we shift our attention to the largest companies in the world right now.

Information Technology Sector Soaring to New Heights

The technology sector plays a crucial role in driving innovation, efficiency, and competitiveness across various industries. It also allows businesses and corporations to enhance productivity, make faster and more informed decisions, and stay ahead in a rapidly evolving digital landscape. According to a report by The Business Research Company, the global information technology (IT) market was valued at $8.5 trillion in 2023. Looking forward, the market is expected to grow at a compound annual growth rate (CAGR) of 8.3% from 2024 to 2028 to reach a value of $12.41 trillion by the end of the forecast period.

The surge in demand for new and innovative technologies across various industries is a key factor creating a positive outlook for the market. Cloud computing and cloud services are driving innovation and scalability, enabling organizations to access resources flexibly and cost-effectively. Similarly, Artificial Intelligence (AI) is revolutionizing industries by enhancing automation, decision-making processes, and customer experiences. An increasing number of corporations and businesses are embracing digital technologies to streamline operations, improve efficiency, and stay competitive in a world that is becoming increasingly digital. Emerging technologies and innovations, including the Internet of Things (IoT), blockchain, and augmented reality, continue to create new growth opportunities.

Tech Giants in Action

The tech industry is dynamic and diverse. Some of the most prominent technology companies leading the way in innovation and development are Alphabet Inc. (NASDAQ:GOOGL), Apple Inc. (NASDAQ:AAPL), and Microsoft Corporation (NASDAQ:MSFT).

Technology companies are embracing emerging trends and focusing on developing innovative products and services. On February 2, Apple Inc. (NASDAQ:AAPL) announced that the Apple Vision Pro will be available at Apple Store locations throughout the US. Apple Vision Pro is a cutting-edge spatial computer that transforms how people work, connect, collaborate, relive memories, and enjoy entertainment. The new breakthrough product seamlessly merges digital content with the physical world, delivering immersive spatial experiences in visionOS. This advanced system is operated using a user’s eyes, hands, and voice, which are the most natural and intuitive inputs available.

As technology advances, industries worldwide are being revolutionized by AI and cloud services. On March 18, Microsoft Corporation (NASDAQ:MSFT) announced that it is expanding its collaboration with NVIDIA Corporation (NASDAQ:NVDA) to introduce generative AI, cloud services, and accelerated computing to healthcare and life sciences sectors. This collaboration merges Microsoft Azure’s global reach and advanced capabilities with NVIDIA DGX Cloud and the NVIDIA Clara suite of computing platforms, software and services to drive innovation and enhance patient care. This collaboration between Microsoft Corporation (NASDAQ:MSFT) and NVIDIA Corporation (NASDAQ:NVDA) aims to provide healthcare providers, pharmaceutical companies, biotechnology companies, and medical device developers with opportunities to innovate swiftly across various areas, including clinical research, drug discovery, and care delivery.

Alphabet Inc. (NASDAQ:GOOGL) is an American multinational technology conglomerate that operates as a holding company. As the parent company of Google, it continues to invest in machine learning, analytics, and artificial intelligence (AI). On January 30, Alphabet Inc. (NASDAQ:GOOGL) reported strong earnings for the fiscal fourth quarter of 2023. The company reported earnings per share (EPS) of $1.64, surpassing EPS estimates by $0.04. The company’s revenue for the quarter grew by 13.49% year-over-year and amounted to $86.31 billion, ahead of market consensus by $1.03 billion. Here are some comments from Alphabet Inc.’s (NASDAQ:GOOGL) Q4 2023 earnings call:

“Last year brought new excitement around Gen AI and I’m proud of how we responded, responsibly with deep advances in foundation models and a number of great launches. We closed the year by launching the Gemini era, a new industry-leading series of models that will fuel the next generation of advances. Gemini is the first realization of the vision we had when we formed Google DeepMind, bringing together our two world-class research teams. It’s engineered to understand and combine text, images, audio, video and code in a natively multimodal way and it can run on everything from mobile devices to data centers. Gemini gives us a great foundation. It’s already demonstrating state-of-the-art capabilities and it’s only going to get better. Gemini Ultra is coming soon.”

Now that we have looked at what’s going on at some of the biggest companies, let’s take a look at the 20 largest companies in the world by market cap in 2024.

An Apple store displaying the latest in consumer electronics, from smartphones to wearables.

Methodology

In this article, we have listed the 20 largest companies in the world by market cap in 2024. To find the biggest companies in the world by market cap, we used the Yahoo Finance screener and sorted our screen in descending order of market cap. We then picked the 20 largest companies by market cap, as of March 18, 2024. For foreign companies, we converted the market caps to US dollars according to their respective exchange rates. The list is arranged in ascending order of companies’ market caps as of March 18.

20 Largest Companies in the World by Market Cap in 2024

20. Exxon Mobil Corporation (NYSE:XOM)

Market Capitalization: $445.58 Billion

Exxon Mobil Corporation (NYSE:XOM) is an American multinational oil and gas corporation that ranks among the 20 largest companies in the world by market cap in 2024. The company is vertically integrated across the entire oil and gas industry. As of March 18, 2024, Exxon Mobil Corporation (NYSE:XOM) has a market cap of $445.58 billion.

19. Mastercard Incorporated (NYSE:MA)

Market Capitalization: $446.75 Billion

Mastercard Incorporated (NYSE:MA) is an American payment-technology company. It is one of the most valuable fintech companies in the US. It offers a range of payment transaction processing and other related payment services. As of March 18, 2024, Mastercard Incorporated (NYSE:MA) has a market capitalization of $446.75 billion.

18. UnitedHealth Group Inc. (NYSE:UNH)

Market Capitalization: $449.02 Billion

UnitedHealth Group Inc. (NYSE:UNH) is an American multinational health care and well-being company. It also ranks high among the best health insurance companies heading into 2024. As one of the world’s largest health insurance and services companies, UnitedHealth Group Inc. (NYSE:UNH) offers insurance products, health care services, and care delivery aided by technology and data through its brands UnitedHealthcare and Optum. As of March 18, 2024, it has a market capitalization of $449.02 billion.

17. LVMH Moët Hennessy Louis Vuitton SE (EPA:MC)

Market Capitalization: $472.73 Billion

LVMH Moët Hennessy Louis Vuitton SE (EPA:MC) is a French multinational holding company that specializes in luxury goods. It owns a number of luxury brands including Sephora, Tiffany & Co., Fendi, Givenchy, TAG Heuer, and Bulgari. As the most valuable luxury company in the world, LVMH Moët Hennessy Louis Vuitton SE (EPA:MC) has a market capitalization of $472.73 billion as of March 18, 2024.

16. Walmart Inc. (NYSE:WMT)

Market Capitalization: $490.09 Billion

Walmart Inc. (NYSE:WMT) is an American multinational retail corporation that operates a chain of hypermarkets, grocery stores, and discount department stores. It also owns and operates Sam’s Club retail warehouses. Operating approximately 10,500 stores and numerous e-commerce websites, Walmart Inc. (NYSE:WMT) has a presence in 19 countries. As one of the world’s top companies by market, it has a market capitalization of $490.09 billion as of March 18, 2024.

15. Tesla Inc. (NASDAQ:TSLA)

Market Capitalization: $553.51 Billion

Tesla Inc. (NASDAQ:TSLA) is an American multinational automotive and clean energy company that ranks among the top 15 on our list of the largest companies in the world by market cap in 2024. It designs, manufactures, and markets electric vehicles, energy generation and storage systems, solar panels, and related products and services. As of March 18, 2024, Tesla Inc. (NASDAQ:TSLA) has a market capitalization of $553.51 billion.

14. JPMorgan Chase & Co. (NYSE:JPM)

Market Capitalization: $554.93 Billion

JPMorgan Chase & Co. (NYSE:JPM) is an American multinational financial services company. It is a prominent name in investment banking, commercial banking, financial services for consumers and small businesses, financial transaction processing, and asset management. As the world’s largest bank by market capitalization, JPMorgan Chase & Co. (NYSE:JPM) has a market capitalization of $554.93 billion as of March 18, 2024.

13. Broadcom Inc. (NASDAQ:AVGO)

Market Capitalization: $573.36 Billion

Broadcom Inc. (NASDAQ:AVGO) is an American multinational technology company. It designs, develops, manufactures, and supplies a broad range of semiconductor, enterprise software, and security solutions. As of March 18, 2024, Broadcom Inc. (NASDAQ:AVGO) has a market capitalization of $573.36 billion.

12. Visa Inc. (NYSE:V)

Market Capitalization: $585.51 Billion

Visa Inc. (NYSE:V) is an American multinational payment card services corporation that ranks 12th on our list of the largest companies in the world by market cap in 2024. It specializes in facilitating digital payments and electronic funds transfers throughout the world. Visa Inc. (NYSE:V) has a market capitalization of $585.51 billion as of March 18, 2024.

11. Novo Nordisk A/S (NYSE:NVO)

Market Capitalization: $593.01 Billion

Novo Nordisk A/S (NYSE:NVO) is a Danish multinational healthcare and pharmaceutical company. It develops, produces, and markets pharmaceutical products in 170 countries around the world. As of March 18, 2024, Novo Nordisk A/S (NYSE:NVO) has a market capitalization of $593.01 billion.

10. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Market Capitalization: $708.75 Billion

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a Taiwanese multinational semiconductor contract manufacturing and design company. It designs and manufactures a wide range of products for various applications covering a variety of end markets including high-performance computing, the Internet of Things (IoT), automotive, smartphones, and digital consumer electronics. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has a market capitalization of $708.75 billion as of March 18, 2024. It ranks among the top 10 on our list of the largest companies in the world by market cap in 2024.

9. Eli Lilly and Company (NYSE:LLY)

Market Capitalization: $724.65 Billion

Eli Lilly and Company (NYSE:LLY) is an American pharmaceutical company. As the most valuable drug company in 2024, it has a market capitalization of $724.65 billion as of March 18, 2024. Eli Lilly and Company (NYSE:LLY) markets its products in 120 countries around the world.

8. Berkshire Hathaway Inc. (NYSE:BRK-B)

Market Capitalization: $885.83 Billion

Berkshire Hathaway Inc. (NYSE:BRK-B) is an American multinational conglomerate holding company that ranks among the biggest companies in the world by market cap. The company is run by Warren Buffet and it owns a number of brands, including insurance and reinsurance brands. As of March 18, 2024, Berkshire Hathaway Inc. (NYSE:BRK-B) has a market capitalization of $885.83 billion.

7. Meta Platforms Inc. (NASDAQ:META)

Market Capitalization: $1.26 Trillion

Meta Platforms Inc. (NASDAQ:META), or simply Meta, is an American multinational technology. It owns and operates Instagram, Facebook, and WhatsApp, among other products and services. As one of the biggest companies in the world by market cap, Meta Platforms Inc. (NASDAQ:META) has a market capitalization of $1.26 trillion as of March 18, 2024.

6. Amazon.com Inc. (NASDAQ:AMZN)

Market Capitalization: $1.81 Trillion

Amazon.com Inc. (NASDAQ:AMZN) is an American multinational technology company. It specializes in e-commerce, online marketing, digital streaming, cloud computing, and artificial intelligence. Amazon.com Inc. (NASDAQ:AMZN) has a market capitalization of $1.81 trillion as of March 18, 2024. It ranks 6th on our list of the largest companies in the world by market cap in 2024.

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Disclosure: None. 20 Largest Companies in the World by Market Cap in 2024 is published on Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

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AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

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