The market value TOP10 companies are announced again, and AI has fattened these
Ten years is a testament to growth and transformation for an individual; for a company,it is a journey of ups and downs,and continuous struggle.
Looking back at 2013,it was a year when the global technology industry was in a state of flux.In this year,several companies,with outstanding performance and forward-looking strategic vision,successfully joined the ranks of the top 10 global market values.
However,time flies,and the market is ever-changing.To this day,the once glorious top 10 list has undergone tremendous changes.
By 2023,AI technology has become the new engine driving the development of global technology giants.Driven by AI,about 70-80% of the top 10 global companies by market value are challenging new heights.
01
Ten years of change,the evolution of the top 10 global market value companies
Let's take a look at how the list of the top 10 global companies by market value has changed over the past decade?
The top 10 global companies by market value in 2013 were: Apple,ExxonMobil,Microsoft,
China National Petroleum Corporation,Industrial and Commercial Bank of China,China Mobile,Google,Walmart,Berkshire Hathaway,and General Electric.Among them,there were 3 technology companies,namely Apple,Microsoft,and Google.The top 10 companies by global market value in 2014 were: Apple,ExxonMobil,Google,Microsoft,Berkshire Hathaway,General Electric,Johnson & Johnson,Walmart,Chevron,and Wells Fargo.Among the top 10 companies by market value,the number of technology companies remained the same as in 2013,with only Apple,Google,and Microsoft.The top 10 companies by global market value in 2015 were: Apple,Google,Microsoft,Berkshire Hathaway,ExxonMobil,Amazon,Facebook,General Electric,Johnson & Johnson,and Wells Fargo.There were five technology companies among the top 10,namely Apple,Google,Microsoft,Amazon,and Facebook.
In 2016,the top 10 companies by global market value were: Apple,Google,Microsoft,Berkshire Hathaway,ExxonMobil,Facebook,Johnson & Johnson,Amazon,General Electric,and Wells Fargo.
The number of technology companies among the top 10 remained the same as in 2015,with five companies: Apple,Google,Microsoft,Amazon,and Facebook.In 2017,the top 10 companies by global market value were: Apple,Google,Microsoft,Amazon,Facebook,Tencent,Berkshire Hathaway,Alibaba,Johnson & Johnson,and JPMorgan Chase.The number of technology companies among the top 10 increased to seven,namely Apple,Google,Microsoft,Amazon,Facebook,Tencent,and Alibaba.
In 2018,the top 10 companies by global market value were: Apple,Google,Microsoft,Amazon,Tencent,Berkshire Hathaway,Alibaba,Facebook,JPMorgan Chase,and Johnson & Johnson.The technology companies on the list were consistent with those in 2017.
In 2019,the top 10 companies by global market value were: Saudi Aramco,Apple,Microsoft,Google,Amazon,Facebook,Alibaba,Berkshire Hathaway,Tencent,and JPMorgan Chase.For the first time in 2019,Saudi Aramco surpassed Apple to become the company with the highest market value globally,and the number of technology companies on the list remained at seven: Apple,
Google,Microsoft,Amazon,Facebook,Tencent,and Alibaba.In 2020,the top 10 companies by global market value were: Apple,Saudi Aramco,Microsoft,Amazon,Google,Facebook,Tencent,Tesla,Alibaba,and Berkshire Hathaway.In 2020,Tesla made its debut on the list of the top 10 companies by global market value,and the number of technology companies reached eight,namely Apple,Microsoft,Amazon,Google,Facebook,Tencent,Tesla,and Alibaba.
In 2021,the top 10 companies by global market value were: Apple,Microsoft,Google,Saudi Aramco,Amazon,Tesla,Meta (formerly Facebook),
Nvidia,TSMC (Taiwan Semiconductor Manufacturing Company),and Tencent.In 2021,Meta and TSMC made their debut on the list of the top 10 companies by global market value,and the number of technology companies on the list reached its peak,with all but Saudi Aramco being technology companies.
In 2022,the top 10 companies by global market value were: Apple,Microsoft,Saudi Aramco,Google,Amazon,Berkshire Hathaway,Tesla,UnitedHealth Group,Johnson & Johnson,
and ExxonMobil.In 2022,there were five technology companies on the top 10 list,namely: Apple,Microsoft,Google,Amazon,and Tesla.In 2023,the top 10 companies by global market value were: Apple,Microsoft,Saudi Aramco,Google,Amazon,Nvidia,Meta,Berkshire Hathaway,Eli Lilly,and Tesla.In 2023,there were seven technology companies on the top 10 list,namely: Apple,Microsoft,Google,Amazon,Nvidia,Meta,and Tesla.Tech Companies Ride the AI Wave
In fact,since the financial crisis of 2018,technology companies have started to rise.
After entering 2015,technology companies,especially digital technology companies,have firmly occupied the leading role in the economy and capital market,and the trend is very stable.By the end of 2021,this scene reached its peak,with the number of technology companies in the TOP 10 once reaching as high as 9.So,how did these companies ride the wave of the times and achieve such dazzling results?
In the past 10 years,the total market value of Apple,Microsoft,and Google has been constantly competing.
Faced with the gradually warming AI wave,Apple has made the smallest splash among the three companies,until Cook's speech at Apple's annual shareholder meeting in February this year,which truly released the signal that Apple is fully committed to generative AI technology.Google and Microsoft are two major deep participants in the AI field.Google's development strategy has shifted from "AI first" to "unique AI"; Microsoft's development strategy is "AI redefines everything."Since the emergence of ChatGPT3.5 in November 2022,Microsoft has made significant progress and market recognition in the field of artificial intelligence,especially in its investment in OpenAI,which is a key factor driving the rise in its stock price.AI technology not only affects the intelligent upgrade of its core businesses such as Windows,Office,and other products but also plays a key role in the cloud computing service Azure,enabling Microsoft to provide enterprises with advanced AI solutions and services.
Google's revenue has continued to grow in recent years,
and in the field of AI,Google also has a complete layout in various aspects such as model algorithms,computing power chips,and application scenarios.However,the main character we want to talk about this time is not these star companies.Compared with these tech giants,perhaps more users are more concerned about these newcomers.For example: Tesla,TSMC,and Nvidia.
Tesla: Igniting the New Energy Vehicle Market
Tesla first appeared on the global market value TOP 10 in 2020,and then ranked on the list in 2021,2022,and 2023.In 2020,the pandemic dealt a heavy blow to the global automotive industry,but new energy vehicles rose against the trend,becoming an important force leading the recovery of the global economy.At the same time,the concept of new energy vehicles shone brightly in the international capital market,with the stock prices of new force car companies represented by Tesla soaring.In addition,in China,the world's largest automobile market,Tesla's performance was particularly prominent.
In 2020,Tesla's total vehicle production was 509,737 units,a year-on-year increase of 40%; among them,the combined production of Model 3/Y was 454,932 units,with a year-on-year increase of 50%; the combined production of Model S/X was 54,805 units,a year-on-year decrease of 13%.
As for why Tesla stood out,it was mainly due to its leading technology in batteries,autonomous driving,charging,brand influence,market strategy,and innovative capabilities.
So,what are Tesla's layouts in the AI field?
In 2023,Tesla established the artificial intelligence startup xAI,increasing investment in AI research and development.In Musk's view,unmanned driving is the trump card for Tesla to build its brand and attract investment.In addition to cars,Musk has always wanted to create an autonomous driving ride-hailing country,using low-cost electric vehicles + FSD to achieve the goal of a fully autonomous driving system.
Tesla firmly believes in the potential value of AI and has also applied artificial intelligence technology on a large scale to the Optimus robot,
while developing a Robotaxi fleet,similar to the combination of AirBnB and Uber.In addition,the more advanced HW5 hardware platform is expected to appear in vehicles around the end of 2025,and it has already been designed.NVIDIA: Mining in the AI wave
Looking at NVIDIA.
Over the past two decades,NVIDIA has grown from a small graphics chip company to a global leader in AI computing.
In 2023,NVIDIA's market value soared from 1 trillion to 2 trillion US dollars.This is due to the AI wave triggered by large models,which has sharply increased the world's demand for computing power.From the Grace architecture to the brand new Blackwell,NVIDIA's innovations have brought breakthrough progress to generative AI and accelerated computing.If it is said that AI has made NVIDIA successful,it is better to say that AI and NVIDIA have achieved mutual success.
In the fiscal year of 2024,against the backdrop of a surge in demand for GPUs by large models,NVIDIA's total revenue soared by 126% to $60.922 billion,
while the revenue from its data center business increased by 217% year-on-year to $47.525 billion,accounting for nearly 80% of the revenue structure.In the latest financial report,its data center business saw a significant year-on-year growth of 427%,with the revenue share further increasing to 87%.The continuous growth of data center GPU business has propelled NVIDIA's identity from a hardware manufacturer to the leader in AI computing power.The new positioning has brought a huge valuation imagination space in the capital market,pushing the company's stock price to a myth of five times in two years,and the total market value has soared to over 2 trillion US dollars.
NVIDIA's rise has become the most authentic portrayal under the AI wave - holding the key to the AI era,bringing unexpected opportunities.
TSMC: The super big winner behind NVIDIA
In the context of global chip shortage,chip industry-related companies have become one of the biggest winners in Asia in 2021.On December 28,2021,TSMC's total market value soared to $625.
85 billion,with an annual increase of 28.22%,becoming the company with the highest market value in Asia and also the highest in Asia.After that,although TSMC did not make it to the top 10 global market value list in 2022 and 2023,its popularity remained undiminished.
If NVIDIA is the "seller of shovels" in the AI era,then TSMC is the "maker of shovels."
To do a good job,one must first sharpen his tools.
From V100,A100 to H100,NVIDIA's high-end accelerator cards all use TSMC's CoWoS advanced packaging technology,which is designed to address the challenges of chip storage and computing integration in the field of high computing power AI.And the core technology of CoWoS advanced packaging: it is indispensable without TSMC.In 2023,due to the AI boom triggered by ChatGPT,orders for A100 based on TSMC's 7nm process and H100 based on 4nm are urgently being increased.Among them,TSMC's 5/4nm production lines are already close to full capacity.Supply chain insiders also estimate that NVIDIA's large influx of SHR (the most urgent processing level) orders to TSMC will continue for 1 year.
In addition to NVIDIA,demand from tech giants such as Google and AMD is also strong.According to Nomura Securities' estimates,TSMC's CoWoS annualized production capacity at the end of 2022 is about 70,000 to 80,000 wafers,and it is expected to increase to 140,000 to 150,000 wafers by the end of 2023,and to challenge a production capacity of 200,000 wafers by the end of 2024.In response to the current severe shortage of advanced CoWoS packaging capacity,TSMC has begun to significantly increase its production capacity for CoWoS.TSMC plans to achieve a compound annual growth rate of 60% in CoWoS production capacity over the three years from the end of 2023 to the end of 2026,which means that the CoWoS production capacity at the end of 2026 will be about 4 times that at the end of 2023.
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Market Value Revealed in the First Half of 2024
Observing the global market value TOP10 list in the first half of 2024,the top five companies are all technology companies,with NVIDIA even soaring to third place,
and TSMC also making the list again.Tesla,which did not appear on the list,is ranked 13th in this ranking.This is very different from the high-speed growth in major global markets in previous years.Since the beginning of this year,Tesla has faced challenges such as weak demand,shrinking profits,and competition from more car manufacturers.
In the face of slowing growth,Tesla's own profitability is no longer outstanding,and its valuation level will also face new pressure.
TSMC and NVIDIA have continued the strong growth momentum of last year,even setting new highs.This change not only reflects the continuous prosperity of the technology industry but also reveals several important trends in the current global economy.First,with the continuous development of technologies such as artificial intelligence,big data,and cloud computing,the technology industry is becoming an important engine for driving global economic growth.Second,as the foundation of the technology industry,the importance of the semiconductor industry is increasingly highlighted.
The success of semiconductor companies like TSMC will further promote the development of the global semiconductor industry and inject new vitality into the global economy.In addition,the changes in the global market value TOP10 list also mean that the competition in the technology industry is becoming more intense.The rise of companies like NVIDIA and TSMC not only brings pressure to other technology companies but also promotes continuous innovation and progress in the entire industry.At present,global tech giants are fully committed to artificial intelligence,each with a unique path.This is the result of a new wave of AI models quickly moving from the laboratory to the real world.Two things have become exceptionally clear: first,the AI competition is heating up; second,even though there is no winner yet,this competition has already changed the way many tech companies apply AI.It can be said that AI has brought the stage and hope to tech giants.