Overview

In the 2010s, the top companies were in the industrial sector such as Chevron or General Electric. Today, it has shifted to technology companies with NVIDIA holding top rank based on market cap. Companies such as NVIDIA and Apple have passed the $4 trillion market cap when not long ago the first company, Cupertino crossed the $1 trillion mark. Eventually, it lost its top rank and has been replaced by Microsoft, Amazon, Google, and Aramco.

Takeaways

The financial market is always changing with constant shifts in the top 20 companies. The most profitable industries can be a thing of the past with new innovations every year. Market cap records are always reaching record-breaking numbers that investors are looking for the next Apple or Amazon. Market is not the only criteria to rank the top companies as there are other methods such as weighing revenues, profits, and etc.