The United States continues to dominate the top 100 of the world’s largest publicly traded companies. Tech giant Apple was the largest in terms of market value on the closing day of 2024, with around $3,780 billion. This was calculated by consultancy company EY on Friday.
Chipmaker Nvidia is in second place with $3,280 billion, ahead of software company Microsoft ($3,130 billion). Saudi oil giant Aramco is the only non-American company in the top ten. Alphabet (Google), Amazon and Meta (Facebook), among others, are also in the top ten. The American companies together represent 62 of the hundred places in the hit list.
Europe is not to be found in the top ten. The Danish pharmaceutical giant Novo Nordisk is the first European in place 24. The company is doing well thanks to diabetes drug Ozempic, which is often used as a slimming drug, and the slimming variant Wegovy. The French luxury group LVMH, in full Louis Vuitton Moët Hennessy, is the second European company in the ranking at 28th place.
EY does not provide further details about the ranking. The website CompaniesMarketCap places beer brewer AB InBev as the first Belgian in terms of market value, at 166th place, making the company number 21 in Europe.