Technology
Which Companies Belong to the Elite Trillion-Dollar Club?
Which Companies Belong to the Elite Trillion-Dollar Club?
Just a handful of publicly-traded companies have managed to achieve $1 trillion or more in market capitalization—only seven, to be precise.
We pull data from Companies Market Cap to find out which familiar names are breaking the 13-digit barrier—and who else is waiting in the wings.
The Major Players in the Game
Apple, Microsoft, and Saudi Aramco are the three companies to have shattered the $2T market cap milestone to date, leaving others in the dust. Apple was also the first among its Big Tech peers to ascend to the $1 trillion landmark back in 2018.
Company | Valuation | Country | Age of company |
---|---|---|---|
Apple | $2.46T | 🇺🇸 U.S. | 45 years (Founded 1976) |
Microsoft | $2.31T | 🇺🇸 U.S. | 46 years (Founded 1975) |
Saudi Aramco | $2.00T | 🇸🇦 Saudi Arabia | 88 years (Founded 1933) |
Alphabet (Google) | $1.84T | 🇺🇸 U.S. | 23 years (Founded 1998) |
Amazon | $1.68T | 🇺🇸 U.S. | 27 years (Founded 1994) |
Tesla | $1.01T | 🇺🇸 U.S. | 18 years (Founded 2003) |
Footnote: Data is current as of October 25, 2021. Facebook is the 7th company historically to reach $1 trillion, but dipped out recently.
The largest oil and gas giant—Saudi Aramco is the only non-American company to make the trillion-dollar club. This makes it a notable outlier, as American companies typically dominate the leaderboard of the biggest corporations around the world.
Tesla Reaches $1 Trillion
Tesla reached the $1 trillion market cap for the first time due to a strong trading day on Monday October 25th. Their shares popped some 10%, off the announcement of some positive news from Hertz and Morgan Stanley.
First, Hertz, a car rental company, revealed an order for 100,000 Tesla vehicles — the largest order in the automaker’s history. Second, an auto analyst at Morgan Stanley made revisions and raised his price target on Tesla to $1,200.
Whether Tesla can stay a trillion dollar company will likely be a much discussed topic after today, as their valuation has always been a controversial one. Bearish investors frequently point to Tesla’s lack of fundamentals relative to traditional car companies. For instance, their market cap relative to cars sold:
Company | Market Cap ($B) | Cars Sold (2020) | Value Per Car Sold | If Valued Like Tesla |
---|---|---|---|---|
Tesla | $1,000 | 500,000 | $2 million | $1.0 Trillion |
Volkswagen | $148 | 9.3 million | $15,000 | $18.6 trillion |
Toyota | $242 | 9.5 million | $25,000 | $19.0 trillion |
Ford | $62 | 4.2 million | $14,000 | $8.4 trillion |
Based on the 500,000 cars Tesla sold in 2020, their $1 trillion market cap values them at $2 million per car sold. As an extreme example, if Volkswagen and Toyota were to be valued in a similar fashion, their market caps would be close to $19 trillion each. Larger than all of the elite trillion-dollar club combined.
Who Else Might Join the Trillion-Dollar Club?
Companies with a market capitalization above $500 billion are also few and far between. After Facebook, which until recently was part of the elite trillion-dollar club, Warren Buffet’s Berkshire Hathaway is the closest to joining the Four Comma Club. Though there’s still some ways to go, their market cap of $656 billion means shares would need to appreciate some 52%.
Company | Valuation | Country | Age of company |
---|---|---|---|
$926B | 🇺🇸 U.S. | 17 years (Founded 2004) | |
Berkshire Hathaway | $656B | 🇺🇸 U.S. | 182 years (Founded 1839) |
TSMC | $619B | 🇹🇼 Taiwan | 34 years (Founded 1987) |
Tencent | $589B | 🇨🇳 China | 23 years (Founded 1998) |
Visa | $497B | 🇺🇸 U.S. | 63 years (Founded 1958) |
Visa, one of the pioneers of consumer credit in the United States, continues to innovate even 63 years after its founding. In attempts to expand the reach of its already massive payments ecosystem, Visa is experimenting with acquisitions, and even dipping its toes into cryptocurrency with some success.
Whether the next company to join the trillion-dollar club comes from the U.S., from the tech industry, or out of left field, it’s clear that it has some pretty big shoes to fill.
Technology
Charted: The Jobs Most Impacted by AI
We visualized the results of an analysis by the World Economic Forum, which uncovered the jobs most impacted by AI.
Charted: The Jobs Most Impacted by AI
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.
Large language models (LLMs) and other generative AI tools haven’t been around for very long, but they’re expected to have far-reaching impacts on the way people do their jobs. With this in mind, researchers have already begun studying the potential impacts of this transformative technology.
In this graphic, we’ve visualized the results of a World Economic Forum report, which estimated how different job departments will be exposed to AI disruption.
Data and Methodology
To identify the job departments most impacted by AI, researchers assessed over 19,000 occupational tasks (e.g. reading documents) to determine if they relied on language. If a task was deemed language-based, it was then determined how much human involvement was needed to complete that task.
With this analysis, researchers were then able to estimate how AI would impact different occupational groups.
Department | Large impact (%) | Small impact (%) | No impact (%) |
---|---|---|---|
IT | 73 | 26 | 1 |
Finance | 70 | 21 | 9 |
Customer Sales | 67 | 16 | 17 |
Operations | 65 | 18 | 17 |
HR | 57 | 41 | 2 |
Marketing | 56 | 41 | 3 |
Legal | 46 | 50 | 4 |
Supply Chain | 43 | 18 | 39 |
In our graphic, large impact refers to tasks that will be fully automated or significantly altered by AI technologies. Small impact refers to tasks that have a lesser potential for disruption.
Where AI will make the biggest impact
Jobs in information technology (IT) and finance have the highest share of tasks expected to be largely impacted by AI.
Within IT, tasks that are expected to be automated include software quality assurance and customer support. On the finance side, researchers believe that AI could be significantly useful for bookkeeping, accounting, and auditing.
Still interested in AI? Check out this graphic which ranked the most commonly used AI tools in 2023.
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