The tech industry is a dynamic and rapidly evolving sector, with companies constantly pushing the boundaries of innovation. Here are the top 10 tech companies making waves in 2024:
1. MICROSOFT
Microsoft leads the tech industry with a market capitalization of 3.14 trillion U.S. dollars. The company continues to innovate in various tech sectors, including cloud computing, AI, and productivity software.
Revenue (TTM): Microsoft’s trailing twelve months (TTM) revenue is approximately $227.58 billion.
Net Income (TTM): The net income for Microsoft (MSFT) stock for the period ending in Dec 31, 2023 is approximately $82.54 billion.
Market Cap: As of April 2024, Microsoft has a market cap of approximately $3.16 trillion.
1-Year Trailing Total Return: Microsoft’s 1-year price total return is approximately 54.4%15.
Exchange: Microsoft is traded on the NASDAQ stock exchange
2. APPLE
Apple, with a market capitalization of around 2.64 trillion U.S. dollars, remains a dominant player in the tech industry. The iPhone continues to be its most profitable product, but the company also sees significant revenue from the Mac, iPad, wearables, and services.
Revenue (TTM): Apple’s trailing twelve months (TTM) revenue is approximately $385.70 billion.
Net Income (TTM): The net income for Apple (AAPL) stock for the period ending in Dec 31, 2023 is approximately $100.913 billion.
Market Cap: As of April 2024, Apple has a market cap of approximately $2.618 trillion. This makes Apple the world’s second most valuable company by market cap.
1-Year Trailing Total Return: Apple’s 1-year price total return is approximately 4.11%.
Exchange: Apple is traded on the NASDAQ stock exchange.
3. NVIDIA
Nvidia, a prominent player in the GPU market, has expanded its focus to AI and autonomous vehicles, contributing to its substantial market capitalization.
Revenue (TTM): Nvidia’s trailing twelve months (TTM) revenue is approximately $60.92 billion.
Net Income (TTM): The net income for Nvidia (NVDA) stock for the period ending in Jan 31, 2024 is approximately $29.76 billion.
Market Cap: As of April 2024, Nvidia has a market cap of approximately $2.20 trillion.
1-Year Trailing Total Return: Nvidia’s 1-year price total return is approximately 213.02%.
Exchange: Nvidia is traded on the NASDAQ stock exchange.
4. ALPHABET (GOOGLE)
Alphabet, the parent company of Google, continues to dominate the online advertising market while also making significant strides in cloud computing, AI, and hardware.
Revenue (TTM): Alphabet’s revenue for the twelve months ending December 31, 2023 was $307.394 billion.
Net Income (TTM): Alphabet’s net income for the twelve months ending December 31, 2023 was $73.795 billion.
Market Cap: As of April 2024, Alphabet’s market cap is approximately $1.915 trillion.
1-Year Trailing Total Return: The total return for Alphabet (GOOGL) stock is 47.05% over the past 12 months.
Exchange: Alphabet is listed on the NASDAQ.
5. AMAZON
Amazon is not just an e-commerce giant; it’s also a leader in cloud computing through Amazon Web Services. The company also has ventures in AI, digital streaming, and other tech sectors.
Revenue (TTM): Amazon’s trailing twelve months (TTM) revenue is approximately $574.78 billion.
Net Income (TTM): The net income for Amazon (AMZN) stock for the period ending in Dec 31, 2023 is approximately $30.425 billion.
Market Cap: As of April 2024, Amazon has a market cap of approximately $1.873 trillion.
1-Year Trailing Total Return: Amazon’s 1-year price total return is approximately 73.16%.
Exchange: Amazon is traded on the NASDAQ.
6. META PLATFORMS (FACEBOOK)
Meta Platforms, formerly known as Facebook, is investing heavily in the development of the metaverse, aiming to create an immersive virtual environment for users.
Credit: https://about.meta.com/media-gallery/
Revenue (TTM): $134.90 billion.
Net Income (TTM): $39.098 billion.
Earnings Per Share (TTM): $11.50.
Market Cap: $1.291 trillion.
1-Year Trailing Total Return: 138.08%.
Exchange: NASDAQ.
7. TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY (TSMC)
Taiwan Semiconductor Manufacturing Company (TSMC) is the world’s largest dedicated independent semiconductor foundry, playing a crucial role in the production of chips for tech companies worldwide.
Revenue (TTM): TSMC had a revenue of $70.35 billion for the twelve months ending December 31, 2023.
Net Income (TTM): TSMC’s net income for the twelve months ending September 30, 2023 was $27.178 billion.
Market Cap: As of April 2024, TSMC has a market cap of $733.91 billion.
1-Year Trailing Total Return: The total return for TSMC stock is 59.57% over the past 12 months.
Exchange: TSMC is traded on both the Taiwan Stock Exchange (TWSE: 2330) and the New York Stock Exchange (NYSE: TSM).
8. BROADCOM
Broadcom is a leading designer, developer, and global supplier of a broad range of semiconductor and infrastructure software solutions.
Revenue (TTM): Broadcom had a revenue of $38.86 billion for the twelve months ending February 4, 2024.
Net Income (TTM): Broadcom’s net income for the twelve months ending January 31, 2024 was $11.633 billion4.
Market Cap: As of April 2024, Broadcom has a market cap of $620.41 billion.
1-Year Trailing Total Return: The total return for Broadcom stock is 116.36% over the past 12 months.
Exchange: Broadcom is traded on the NASDAQ.
9. TESLA
Tesla is at the forefront of the electric vehicle market. The company is also making strides in renewable energy solutions and autonomous driving technology.
Revenue (TTM): Tesla’s trailing twelve months (TTM) revenue is approximately $96.77 billion.
Net Income (TTM): The net income for Tesla (TSLA) stock for the period ending in Dec 31, 2023 is approximately $14.999 billion.
Market Cap: As of April 2024, Tesla has a market cap of approximately $547.97 billion78910.
1-Year Trailing Total Return: The total return for Tesla (TSLA) stock is approximately -11.11% over the past 12 months.
Exchange: Tesla is traded on the NASDAQ.
10. SAMSUNG
Samsung is a major player in various tech sectors, including consumer electronics, semiconductors, and telecommunications equipment.
Revenue (TTM): Samsung’s trailing twelve months (TTM) revenue is approximately $196.77 billion.
Net Income (TTM): The net income for Samsung for the period ending in Dec 31, 2023 is approximately $11.02 billion.
Market Cap: As of April 2024, Samsung has a market cap of approximately $416.21 billion.
1-Year Trailing Total Return: The total return for Samsung stock is approximately 20.3% over the past 12 months.
Exchange: Samsung is traded on the Korea Exchange.
