5 Biggest IT Companies in the World

3. Alphabet Inc. (NASDAQ:GOOG)

Market Capitalization as of 11/5: $1,120.37 billion

Number of Hedge Fund Holders: 153

Despite the tech market weakness this year, Alphabet Inc. (NASDAQ:GOOG) is still one of the world’s most valuable companies given its market capitalization of $1.12 trillion as of 11/5. Given its popular Android operating system, Alphabet Inc. (NASDAQ:GOOG) is a software maker in addition to helping process a significant part of the world’s information given its leading search engine. Alphabet Inc. (NASDAQ:GOOG) also has a growing cloud business that helps provide other companies computing processing on demand.