Charted: Companies in the Nasdaq 100, by Weight
Connect with us

Stocks

Charted: Companies in the Nasdaq 100, by Weight

Published

on

A donut chart showing how just seven companies make up over 50% of the NASDAQ 100 by weight.

Charted: Companies in the Nasdaq 100, by Weight

Launched in 1985, the Nasdaq 100 index tracks the performance of the largest, and most actively-traded, non-financial companies listed on the Nasdaq stock exchange.

The index is capitalization-weighted, meaning that stock weights in the index are based on each company’s market cap (with some rules to rebalance if companies have an oversized influence). For example, leaders Apple and Microsoft amounted to more than one-fourth of the Nasdaq 100’s total market capitalization alone as of April 2023.

One of the most well-known trackers of the index, Invesco QQQ’s ETF, is the data source for today’s visualization by Truman Du.

Just 7 Companies Dominate the Nasdaq 100

Microsoft and Apple, together with the next five ranked companies, made up over 50% of the total weight of the index in April. These companies are: Alphabet (Google), Amazon, NVIDIA, Meta, and Tesla, with Alphabet’s class A and class C shares occupying two spots.

Here’s a breakdown of all 100 companies on the Nasdaq 100, by percentage weight in the index on April 19, 2023.

CompanyAllocation
Microsoft12.63%
Apple12.60%
Amazon6.31%
NVIDIA5.29%
Alphabet (Class A)3.74%
Alphabet (Class C)3.70%
Meta (Class A)3.68%
Tesla3.38%
Broadcom2.03%
PepsiCo1.95%
Costco1.69%
Cisco1.51%
T-Mobile1.39%
Adobe1.33%
Comcast (Class A)1.23%
Texas Instruments1.23%
AMD1.11%
Netflix1.10%
Qualcomm1.01%
Honeywell International1.01%
Amgen1.01%
Intel0.99%
Intuit0.96%
Starbucks0.94%
Gilead Sciences0.80%
Intuitive Surgical0.80%
Booking Holdings0.77%
Mondelez International (Class A)0.74%
Analog Devices0.73%
Applied Materials0.71%
Automatic Data Processing0.69%
Regeneron Pharmaceuticals0.67%
PayPal Holdings0.65%
Vertex Pharmaceuticals0.65%
Fiserv0.56%
Activision Blizzard0.51%
Lam Research0.51%
Micron Technology0.51%
MercadoLibre0.50%
CSX Corp0.48%
Palo Alto Networks0.45%
Cadence Design0.45%
Synopsys0.44%
O'Reilly Automotive0.43%
Moderna0.42%
ASML Holding NV ADR0.42%
Monster Beverage0.42%
Marriott (Class A)0.41%
Fortinet0.40%
Charter Communications (Class A)0.40%
KLA Corp0.38%
Keurig Dr Pepper0.38%
Airbnb (Class A)0.38%
Kraft Heinz0.37%
American Electric Power0.37%
DexCom0.37%
Cintas Corp0.35%
Lululemon0.35%
AstraZeneca PLC ADR0.35%
NXP Semiconductors NV0.34%
Microchip Technology0.33%
Exelon Corp0.33%
Autodesk0.33%
Biogen0.32%
PDD Holdings Inc ADR0.32%
IDEXX Laboratories0.31%
Paychex0.30%
Workday (Class A)0.30%
Xcel Energy0.30%
Seagen0.29%
PACCAR0.29%
ODFL0.29%
Copart0.29%
Illumina0.28%
Ross Stores0.28%
EA0.27%
Marvell Technology0.27%
Global Foundries0.27%
Warner Bros. Discovery (Class A)0.27%
Dollar Tree0.25%
Baker Hughes (Class A)0.24%
Fastenal0.24%
Cognizant (Class A)0.24%
Enphase Energy0.23%
Walgreens Boots0.23%
Verisk Analytics0.23%
CrowdStrike Holdings (Class A)0.22%
CoStar Group0.22%
Ansys0.22%
Align Technology0.21%
Diamondback Energy0.20%
Constellation Energy0.19%
Atlassian Corp A0.19%
eBay0.18%
Datadog (Class A)0.16%
JD.com ADR0.13%
Zoom0.13%
Sirius XM Holdings0.12%
Zscaler0.11%
Lucid Group 0.11%
Rivian (Class A)0.09%

The dominance of these seven companies within the NASDAQ 100 is a reflection of how central they are to large parts of the wider consumer economy. The economic output and influence of the tech giants speaks for themselves, and Tesla still leads the (rapidly crowding) electric vehicle market.

Perhaps the underdog of the bunch is NVIDIA, which produces graphics processing units (GPUs) that power the visuals in many electronic devices and, more recently, artificial intelligence (AI) systems. The latter in particular has made investors incredibly bullish on the company, as NVIDIA’s stock has risen and the company has recently joined the coveted $1 trillion club.

It’s important to note that this snapshot changes drastically over time. For example, Intel and Cisco were massive components of the Nasdaq 100 in the 2000s but have seen their allocations drop, while others like Yahoo! are no longer publicly traded.

The Pros and Cons of Market Consolidation

Such imbalance in the Nasdaq 100 has both benefits and downsides.

The success of the biggest contingents can pull up the entire index, and the Nasdaq 100 has consistently outperformed broader markets. In fact, $10,000 invested in the Nasdaq 100 in 2013 would be worth $50,000 today, while the same investment in the S&P 500 would now be $30,000.

However, if even one of these large companies underperforms, it can have a major impact on the entire index. This outsized influence can also hide general market woes that may be affecting many other components of the index, and the economy.

With the advent of large language models of AI in 2022, the tech sector is on a precipice. Will AI lead to further profitability—and bigger market caps—or will it render entire companies defunct, leading to a big shakeup in the composition of the Nasdaq 100 index?

green check mark icon

This article was published as a part of Visual Capitalist's Creator Program, which features data-driven visuals from some of our favorite Creators around the world.

Click for Comments

Markets

Ranked: The World’s 50 Most Valuable Companies in 2025

Discover the 50 most valuable companies in the world in May 2025, ranked by their market capitalization.

Published

on

The World’s 50 Most Valuable Companies in May 2025

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Key Takeaways

  • This graphic shows the 50 most valuable companies globally, based on May 5, 2025 market capitalizations
  • The U.S. has the highest representation in this ranking with 32 companies, followed by China at 5 companies

The world’s most valuable companies hold immense sway over the global economy, shaping everything from technology to consumer trends. As of May 2025, U.S. giants like Apple, Microsoft, and Nvidia are worth trillions of dollars, reflecting America’s long-standing leadership in innovation and capital markets.

In this graphic, we rank the world’s 50 most valuable companies, color coding them according to their country of origin.

Data & Discussion

The figures we used to create this graphic were sourced from companiesmarketcap.com, as of May 5, 2025.

RankNameCountryMarket Cap
1Microsoft🇺🇸 United States$3,241,850,000,000
2Apple🇺🇸 United States$2,970,580,000,000
3NVIDIA🇺🇸 United States$2,777,210,000,000
4Alphabet🇺🇸 United States$2,003,080,000,000
5Amazon🇺🇸 United States$1,978,370,000,000
6Saudi Aramco🇸🇦 Saudi Arabia$1,622,480,000,000
7Meta🇺🇸 United States$1,512,830,000,000
8Berkshire Hathaway🇺🇸 United States$1,104,700,000,000
9Broadcom🇺🇸 United States$943,775,000,000
10TSMC🇹🇼 Taiwan$914,907,000,000
11Tesla🇺🇸 United States$902,706,000,000
12Walmart🇺🇸 United States$794,728,000,000
13Eli Lilly🇺🇸 United States$737,662,000,000
14JPMorgan Chase🇺🇸 United States$701,887,000,000
15Visa🇺🇸 United States$668,214,000,000
16Tencent🇨🇳 China$579,706,000,000
17Mastercard🇺🇸 United States$509,590,000,000
18Netflix🇺🇸 United States$482,623,000,000
19Costco🇺🇸 United States$450,289,000,000
20Exxon Mobil🇺🇸 United States$445,094,000,000
21Oracle🇺🇸 United States$418,643,000,000
22Johnson & Johnson🇺🇸 United States$372,941,000,000
23Procter & Gamble🇺🇸 United States$372,383,000,000
24UnitedHealth🇺🇸 United States$368,468,000,000
25Home Depot🇺🇸 United States$359,534,000,000
26SAP🇩🇪 Germany$353,045,000,000
27AbbVie🇺🇸 United States$346,844,000,000
28ICBC🇨🇳 China$319,841,000,000
29Bank of America🇺🇸 United States$309,711,000,000
30Coca-Cola🇺🇸 United States$308,616,000,000
31Novo Nordisk🇩🇰 Denmark$305,812,000,000
32Alibaba🇨🇳 China$302,206,000,000
33Hermès🇫🇷 France$292,331,000,000
34Palantir🇺🇸 United States$292,059,000,000
35T-Mobile US🇺🇸 United States$281,932,000,000
36LVMH🇫🇷 France$277,473,000,000
37Nestlé🇨🇭 Switzerland$272,769,000,000
38Philip Morris International🇺🇸 United States$269,574,000,000
39ASML🇳🇱 Netherlands$268,697,000,000
40Kweichow Moutai🇨🇳 China$267,306,000,000
41Roche🇨🇭 Switzerland$265,138,000,000
42Salesforce🇺🇸 United States$261,581,000,000
43Samsung🇰🇷 South Korea$260,653,000,000
44Agricultural Bank of China🇨🇳 China$256,870,000,000
45Toyota🇯🇵 Japan$250,853,000,000
46Wells Fargo🇺🇸 United States$240,321,000,000
47International Holding Company🇦🇪 United Arab Emirates$240,030,000,000
48Chevron🇺🇸 United States$236,681,000,000
49Cisco🇺🇸 United States$235,992,000,000
50L'Oreal🇫🇷 France$235,450,000,000

The two largest companies in this graphic, Microsoft and Apple, have regularly swapped places as the world’s most valuable company over the past decade.

Both companies are integrating artificial intelligence into their product offerings, which has helped fuel their market cap growth in recent years.

Next, let’s take a closer look at some of the non-U.S. companies in this graphic.

🇦🇪 International Holding Company (IHC)

International Holding Company (IHC), based in Abu Dhabi, has rapidly become one of the Middle East’s most valuable firms with a market capitalization of $240 billion.

Originally a fishing company, IHC has transformed into a conglomerate with investments across healthcare, agriculture, real estate, and artificial intelligence. This includes a $50M investment in Elon Musk’s SpaceX.

🇹🇼 TSMC

Taiwan Semiconductor Manufacturing Company (TSMC) holds a market cap of almost $1 trillion, making it the most valuable company in Asia. As the world’s largest dedicated semiconductor foundry, TSMC manufactures chips for major names like Apple, Nvidia, and AMD.

Check out this graphic from January 2025 to see a market capitalization breakdown of the global semiconductor industry.

🇨🇳 Tencent

Tencent, with a market cap of nearly $600 billion, remains one of China’s most influential tech companies despite regulatory headwinds.

The company is best known for its WeChat platform, but is also involved in gaming, cloud services, fintech, and even original content production. Through its Tencent Video platform, which has over 120 million paid subscribers, the company produces a variety of dramas, shows, and animations.

Learn More on the Voronoi App

If you enjoyed today’s post, check out this map showing the number of billion dollar companies by country in 2025.

Continue Reading

Discover more visuals with Voronoi by Visual Capitalist Logo

China is Shelling Out on American Pistachios

Popular