Top 10 Biggest Tech Companies in the World

By | June 6, 2022

According to CompTIA, a trade organisation for the technology industry, revenue in the global IT industry might approach $5.3 trillion in 2022, with year-over-year growth of 5% to 6%. This is why, since the inception of International Business Machines Corp. (ticker: IBM) over 110 years ago, tech companies have played such an important role in the economy.

IBM is no longer in the top ten technology companies: It’s closer to No. 30 with a market value of almost $124 billion. Keep in mind that the Global Industry Classification Standard does not currently classify Alphabet Inc. (GOOG, GOOGL), Inc. (AMZN), Tesla Inc. (TSLA), or Facebook parent company Meta Platforms Inc. (FB) as tech businesses. Here’s a look at the top ten tech businesses in the world by market capitalization, as well as their prospects for the following year.

Apple Inc. is a company based in Cupert (AAPL)

Apple was not only the world’s first $2 trillion firm, but also the first trillion-dollar company, with a current market value of $2.8 trillion. On Aug. 20, 2018, Apple became the first company to reach that milestone, about a month before Amazon. Apple has been a leader in the electronics business since its founding in 1977, developing Mac computers, the iPod, iPad, iPhone, and countless more devices.

According to Yahoo Finance, AAPL shares finished at $172.12 on Feb. 10, while analysts expect an average price objective of $191.82. Apple CFO Luca Maestri said on the company’s Jan. 27 earnings call that the company anticipates “strong year-over-year revenue growth and establish a March quarter revenue record despite major supply limitations.” Apple’s sustained supremacy nearly 45 years after its founding confirms its status as one of the world’s tech sector leaders.

$2.8 trillion in market capitalization

Microsoft Corporation is a multinational corporation headquartered in Redmond (MSFT)

Microsoft was founded in Redmond, Washington, in 1985. Since then, it has dominated the computer industry, slipped from prominence, and resurfaced as a leader in cloud-based services. Microsoft is now one of only two $2 trillion firms in the world, with a market value of $2.3 trillion. “Cybercrime is the number one danger facing every business today,” CEO Satya Nadella stated on the company’s earnings call on January 25.

This was before reports said Microsoft was considering buying cybersecurity firm Mandiant Inc. on February 8. (MNDT). Naturally, this acquisition would be a big addition to the company’s product portfolio, which already includes corporate social media site LinkedIn, video-call platform Skype, and open source coding platform GitHub. According to Yahoo Finance, the company’s stock ended at $302.38 on February 10th, and analysts have set an average target price of $370.72.

$2.3 trillion in market capitalization

Taiwan Semiconductor Manufacturing Co., Ltd. is a Taiwanese semiconductor manufacturer (TSM)

By market value, this semiconductor company is the world’s largest chip producer. This is partly due to the fact that TSM is the sole manufacturer of Apple Inc.’s (AAPL) A- and M-series chips. In November 2020, Apple ended its 15-year collaboration with Intel Corp. (INTC) to rely solely on TSM for all of its semiconductor needs.

Because of this market share, TSM has an average price target of $160.49, according to Yahoo Finance, with a closing share price of $124.71 on Feb. 10. “Based on the current business view, we expect our first-quarter sales to be between $16.6 billion and $17.2 billion, which represents a 7.4 percent sequential growth at the midpoint,” Treasurer Jen-Chau Huang said during the company’s Jan. 13 earnings call.

$639 billion in market capitalization

Nvidia Corporation is a company that makes graphics cards (NVDA)

Nvidia is a computer graphics firm first and foremost. The company has recently expanded into data centre platforms and solutions. As a result, one of the most spectacular stock market trajectories in recent memory has resulted. The stock has increased by more than 850 percent since mid-February 2017. According to Yahoo Finance, NVDA shares ended at $258.24 on Feb. 10 and the stock has an average price objective of $340.58.

Nvidia cancelled its proposed acquisition of Arm Ltd., a U.K.-based design firm, on Feb. 8, which would have been the largest-ever semiconductor deal. Investors, on the other hand, seemed unfazed by the news. The shares of NVDA increased as a result of the announcement. Investors are now anticipating Nvidia’s next earnings call, which is scheduled for February 16.

$618 billion in market capitalization

Samsung Electronics Co., Ltd. is a South Korean electronics company (SSNLF)

Samsung is a global consumer electronics, mobile communications, and business services firm founded in South Korea. From digital televisions and computers to semiconductors and LCD displays, the company has it all. Samsung announced a record $232 billion in revenue for 2021 on its earnings call on January 26, up 18 percent year over year.

Executive Vice President Ben Suh stated during the call that the company is aiming to improve cost competitiveness, profitability, and capital management efficiency. On February 10, the company’s shares closed at $57.75 on the over-the-counter market. Analysts predict a share price of $83.66 on average.

$424 billion in market capitalization

Broadcom Inc. is a semiconductor company based in California (AVGO)

Broadcom, which was created in 1961 as part of HP Inc. (HPQ), produces and distributes semiconductor chips all over the world. The company’s two operating segments are semiconductor solutions and infrastructure software nowadays. AVGO officials revealed 15 percent year-over-year sales growth for the quarter on the company’s results call on December 9th. According to CEO Hock Tan, the business forecasts a 17 percent year-over-year increase in semiconductor sales and a 14 percent increase in consolidated revenue.

This is based on a 17 percent year-over-year increase in semiconductor sales and a 14 percent increase in consolidated revenue, according to Tan. The next earnings call for Broadcom is scheduled on March 3rd. According to Yahoo Finance, Broadcom shares ended at $591.36 on February 10th, while the average price objective among analysts is $677.67.

$242 billion in market capitalization

Cisco Systems, Inc. is a telecommunications company based (CSCO)

Cisco Systems is a global provider of IT infrastructure platforms. It is another early contributor to Silicon Valley’s computer and internet dominance, having been founded in 1984. CEO Charles Robbins noted on the company’s most recent earnings call on Nov. 17 that the company’s “sales growth was robust, but it was hampered by the supply restrictions that are hitting our technological rivals.”

Robbins went on to add that despite the company’s strong sales, Cisco was having trouble fulfilling client orders. Despite these difficulties, the corporation managed to outperform expectations for the quarter. According to Yahoo Finance, Cisco shares finished at $54.87 on February 10th, but average analyst estimates call for a share price of $63.18. On February 16, the company is slated to release its next earnings report.

$231 billion in market capitalization

Oracle Corporation is a multinational software company based in California (ORCL)

In 1977, Oracle was founded. The company was already the world’s largest database management organisation a decade later. Oracle provides cloud-based services in the current day. Revenue for the second quarter was up 6% year over year to $10.4 billion, according to the company’s most recent results call on Dec. 9. Safra Catz, the company’s CEO, expects total sales to increase by 3% to 5% in the current quarter. On February 10, Oracle stock closed at $81.85. According to Yahoo Finance, experts expect the company’s average share price to be $101.94. On March 10, Oracle is anticipated to release its earnings report.

$215 billion in market capitalization Inc. is a software company based in San Francisco, California (CRM)

Salesforce is primarily a cloud computing corporation focused on managing company-customer connections around the world, having been founded in 1999 at the height of the dot-com bubble. According to Yahoo Finance, shares ended at $217.67 on Feb. 10 and the average price objective among a number of analysts is $321.65.

This comes after CEO Marc Benioff remarked on the company’s most recent earnings call on Nov. 30 that “Salesforce has never been more successful” since the outbreak began. Salesforce’s sales projection for the coming quarter has been raised to $26.4 billion, representing a 24 percent year-over-year increase. According to Benioff, the business expects $31.8 billion in revenue in fiscal 2023. Salesforce, he believes, will be propelled into the Fortune 100 as a result of this. On March 1, Salesforce is anticipated to release its earnings report.

$213 billion in market capitalization

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