According to official data, Microsoft and Apple have a combined market capitalization of $6.14 trillion. This surpasses the total worth of actively traded companies on the Bombay Stock Exchange, which stands at $5.06 trillion. This means that the total value of Microsoft and Apple is now higher than that of all 3,851 listed companies on the Bombay Stock Exchange in India.
Additionally, Bloomberg data reveals that the market value of the top three valuable companies in the US—Microsoft, Apple, and Nvidia—now exceeds that of the 5,300+ companies listed on the Chinese stock exchange. In simpler terms, these three US companies are worth more than all the companies in China’s stock market.
Microsoft and Apple Surpass India’s Total Market Capitalization
Microsoft and Apple are now worth a whopping $6.14 trillion together, which is even more than all the companies on the Bombay Stock Exchange combined. This jump in their value is fueled partly by Microsoft’s big push into artificial intelligence (AI), like investing in OpenAI and adding AI features to their products.
Meanwhile, Apple’s stocks have surged 15% on the NASDAQ stock exchange in just six months, especially as they gear up for their big WWDC24 conference, where Tim Cook is expected to unveil new AI features for Apple devices. Investors are excited about AI’s potential in workplaces, boosting both companies’ shares to record highs.
Apple and Nvidia: Riding the Rollercoaster
Apple has had a bit of a bumpy ride this year, facing worries about slowing iPhone sales in China and a hefty $2 billion fine from the European Union. Despite this, their shares have bounced back, rising by 7% in just a month as investors regain confidence in the company. While iPhone sales dipped by 8% in China, overall sales dropped in every region except Europe.
Meanwhile, Nvidia, another giant in the AI world, is shining bright. Their stock has surged an incredible 160% in just six months, thanks to their cutting-edge products attracting attention, especially in data center operations for complex AI computing. This week, Nvidia made history by becoming the first computer chip company ever to reach a market capitalization of $3 trillion.
Tech Titans Dominate
The top three tech giants have joined forces to reach an impressive $9.2 trillion combined market value, surpassing China’s total value of listed companies at $8.85 trillion (excluding Hong Kong). Apple, led by Tim Cook, was the first US company to hit the $3 trillion mark in January 2022, followed by Microsoft in 2024. Nvidia quickly followed suit, reaching $2 trillion in February 2024 and hitting $3 trillion three months later.
Nvidia’s CEO, Jensen Huang, is optimistic about the company’s future, citing strong conditions for growth in 2025 and beyond. He believes that demand for Nvidia’s GPUs will continue to rise, driven by generative AI and a shift away from central processors across industries.
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