Today's Edition
Frankfurt (dpa)
Companies from the United States dominate the list of the top 100 most valuable staock market companies compiled by the auditing and consulting firm EY.
US tech giants Apple, Nvidia and Microsoft were the world's most valuable companies at the end of 2024, EY said in a press release on Friday.
Apple had a market value of some $3.78 trillion as of December 31, 2024, a study by EY showed, while Nvidia was worth $3.28 trillion and Microsoft $3.13 trillion. US companies dominate the list, taking 62 of the 100 slots.
There were no European companies among the top 10, and only three companies from Europe's economic powerhouse, Germany, made it into the top 100: software giant SAP, tech conglomerate Siemens and telecommunications company Deutsche Telekom.
The boom in artificial intelligence (AI) contributed to keeping the US unchallenged on the stock market.
US companies account for nine of the 10 most valuable companies, including Google's parent company Alphabet, the retail giant Amazon, and the internet company Meta, which owns Facebook.
Only the oil company Saudi Aramco in sixth place breaks the dominance of US companies.
"The stock markets continue to be driven above all by the issue of artificial intelligence, which drives the growth in value of technology companies worldwide," said Henrik Ahlers, chairman of the management board of EY.
The weak economy and geopolitical crises seem to recede into the background, he said.
Among the top 100 most valuable stock market companies, 24 are technology businesses, 17 of which are from the US.
