All of the World’s Trillion-Dollar Companies in One Chart

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June 19, 2024 Graphics/Design:

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All of the World’s Trillion-Dollar Companies in One Chart

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.

Chipmaker Nvidia is now the world’s most valuable company, which means its time for an update to our frequent “trillion-dollar club” post.

In this graphic, we’ve visualized the market capitalizations of the world’s trillion-dollar companies, as of June 18, 2024. Included for additional context is the market cap of the median S&P 500 firm (as of May 30, 2024), as well as Taiwan’s TSMC, which is the next closest company to reaching the $1 trillion milestone.

Data and Key Takeaways

The figures used to create this graphic are included in the table below. Numbers for each company come from Companiesmarketcap.com, while the median S&P 500 market cap was sourced from S&P Global.

CompanyMarket Cap (USD) 🇺🇸 Nvidia$3.34T 🇺🇸 Microsoft$3.32T 🇺🇸 Apple$3.29T 🇺🇸 Alphabet$2.17T 🇺🇸 Amazon$1.90T 🇸🇦 Saudi Aramco$1.79T 🇺🇸 Meta$1.27T 🇹🇼 TSMC$932B Median S&P 500 company$92B

Here are the key reasons behind each of these companies’ massive valuations:

Nvidia: Industry leader in data center chips, essential for training artificial intelligence Microsoft: Dominance in enterprise software products (e.g. Windows, Office, Azure) Apple: Strong track record of innovation and a large, loyal customer base Alphabet: Leading player in online advertising and other digital platforms (e.g. Google Search, Youtube) Amazon: Dominance in e-commerce and rising cloud computing market share through Amazon Web Services (AWS) Saudi Aramco: World’s largest oil producer with massive reserves Meta: Dominant player in social media (Facebook, Instagram, Whatsapp)

If you’re interested in learning more, check out our graphic: Visualizing How Big Tech Companies Make Their Billions.

Which Company Will Hit $1 Trillion Next?

As of June 18, there are a few candidates that could soon join the trillion-dollar club, including TSMC ($932B), Berkshire Hathaway ($881B), Eli Lilly ($847B), and Broadcom ($839B).

Most of these stocks have climbed significantly in 2024 so far, with TSMC up 77% since the start of

Charted: Four Decades of U.S. Tech IPOs

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June 19, 2024 Graphics/Design:

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Charting Four Decades of U.S. Tech IPOs

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.

Big technology companies have been enjoying a wave of stock market success, driving much of the growth in the S&P 500 index since the pandemic. Five of the companies currently dubbed the “Magnificent Seven” are behemoths in the tech space, with market capitalizations rivaling the size of entire countries’ GDPs.

We visualize the number of tech IPOs on American exchanges from 1980–2023. Data is sourced from “Initial Public Offerings: Updated Statistics” a database run by economist Jay R. Ritter, from the Warrington College of Business, University of Florida.

ℹ️ Tech stocks are defined as internet-related stocks plus other technology stocks, not including biotech New Tech Listings in 2021 Broke a 20-Year-Record

From the heydays of the Dotcom boom, when more than 350 companies hit the exchanges in 1999, the number of tech IPOs has dropped steeply over the years.

In fact, the Dotcom boom, driven by investor enthusiasm for internet technologies, and subsequent bust, due to a lack of capital and business viability, left a significant impact on the market. Tech IPOs stayed in the double-digits for the next 20 years.

YearU.S. Tech IPOs 198022 198172 198242 1983173 198450 198537 198677 198759 198828 198935 199032 199171 1992115 1993127 1994115 1995205 1996276 1997174 1998113 1999370 2000261 200124 200220 200318 200461 200545 200648 200776 20086 200914 201033 201136 201240 201345 201453 201538 201621 201730 201840 201938 202048 2021126 20226 20239

However, 2021 saw a significant uptick after

Comparing Saudi Aramco’s $1.9T Valuation to Its Rivals

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May 31, 2024 Graphics/Design:

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Putting Saudi Aramco’s Market Cap Into Perspective

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.

As of May 2024, there are just six trillion-dollar companies in the world, and only one of them is an oil company.

In this graphic, we put Saudi Aramco’s market cap into perspective by comparing it to the rest of the world’s largest oil companies. Numbers were sourced from Companiesmarketcap.com, and are as of May 24, 2024.

Data and Takeaways

The data we used to create this graphic are listed in the table below.

CompanyMarket Cap
(as of May 24, 2024) 🇸🇦 Saudi Aramco$1,914B 🇺🇸 Exxon Mobil$509B 🇺🇸 Chevron$288B 🇨🇳 Petro China$243B 🇳🇱 Shell$225B 🇫🇷 TotalEnergies$165B 🇺🇸 ConocoPhillips$137B 🇬🇧 BP$103B 🇨🇳 Sinopec$102B

Saudi Aramco launched its initial public offering (IPO) on December 11, 2019. It remains the largest IPO in history, raising $25.6 billion and valuing the company at $1.7 trillion. Aramco is also the only trillion-dollar company that isn’t based in the United States.

As of 2022, Aramco had proven reserves equal to 259 billion barrels of oil equivalent, which is massively greater than rivals like ExxonMobil (17.7 billion) and Chevron (11.2 billion).

$1.9T*

It should be noted that the Saudi government directly owns 90% of the company, while another 8% is held by the country’s sovereign wealth fund. With only 2% of shares available to the public, some believe that the company’s current valuation carries little weight.

For example, a Bloomberg op-ed from 2023 described Aramco’s valuation as an “illusion” due to its very low trading volume. Over a one year period, Aramco’s average daily turnover was just $51 million, compared to $1.9 billion for ExxonMobil and $1.4 billion for Chevron.

See More Market Cap Comparisons from Visual Capitalist

If you enjoyed this graphic, be sure to check out our similar graphic covering Nvidia.

Visualized: The Growth of Clean Energy Stocks

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May 28, 2024 Article & Editing Graphics & Design The Growth of Clean Energy Stocks

Over the last few years, energy investment trends have shifted from fossil fuels to renewable and sustainable energy sources. Long-term energy investors now see significant returns from clean energy stocks, especially compared to those invested in fossil fuels alone.

For this graphic, Visual Capitalist has collaborated with EnergyX to examine the rise of clean energy stocks and gain a deeper understanding of the factors driving this growth.

Sustainable Energy Stock Performance

In 2023, the IEA reported that 62% of all energy investment went toward sustainable sources. As the world embraces sustainable energy and technologies like EVs, it’s no surprise that clean energy companies provide solid returns for their investors over long periods. 

Taking the top-five clean energy stocks by market cap (as of April 2024) and charting their five-year cumulative returns, it is clear that investments in clean energy are growing:

CompanyPrice: 01/04/2019Price: 12/29/20245-Year-Return % First Solar, Inc.$46.32$172.28272% Enphase Energy, Inc.$5.08$132.142,501% Consolidated Edison, Inc.$76.55$90.9719% NextEra Energy, Inc.$43.13$60.7441% Brookfield Renewable Partners$14.78$26.2878%

But how does this compare to the performance of fossil fuel stocks? 

When comparing the performance of the S&P Global Oil Index and the S&P Clean Energy Index between 2019 and 2023, we see that the former returned 15%, whereas the latter returned an impressive 41%. This trend demonstrates the potential for clean energy stocks to yield significant returns on an industry level, sparking optimism and excitement for potential investors. 

A Shift In Returns

With global investment trends moving away from traditional, non-sustainable sources, the companies that could shape the energy transition provide investors with alternative opportunities and avenues for growth. 

One such company is EnergyX. The lithium technology company has patented a groundbreaking technology that can improve lithium extraction rates by an incredible 300%, and its stock price has grown tenfold since its first offering in 2021.

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Visualizing Berkshire Hathaway’s Stock Portfolio (Q1 2024)

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May 27, 2024 Graphics/Design:

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Visualizing Berkshire Hathaway’s Portfolio as of Q1 2024

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.

Wondering what the Oracle of Omaha has his money invested in?

In this graphic, we illustrate Berkshire Hathaway’s portfolio holdings, as of Q1 2024. This data was released on May 15, 2024, and can be easily accessed via CNBC’s Berkshire Hathaway Portfolio Tracker.

The value of each position listed in this graphic is based on market prices as of May 23, 2024, and will change over time.

Furthermore, note that Berkshire has received SEC permission to temporarily withhold data on certain positions. This includes all of its Japanese stocks, which are reported as of June 12, 2023.

It’s (almost) all Apple

The data we used to create this graphic can be found in the following table. Positions worth less than $5 billion were included in “Other”.

Company% of PortfolioValue
(As of 05-23-2024) 🇺🇸 Apple Inc39.7$149.8B 🇺🇸 Bank of America10.7$40.6B 🇺🇸 American Express9.7$36.8B 🇺🇸 Coca-Cola6.7$25.2B 🇺🇸 Chevron5.3$20.0B 🇺🇸 Occidental Petroleum4.2$15.7B 🇺🇸 Kraft Heinz3.1$11.7B 🇺🇸 Moody’s2.7$10.2B 🇯🇵 Mitsubishi Corp2.1$7.8B 🇺🇸 Chubb1.9$7.1B 🇯🇵 Mitsui & Co1.7$6.4B 🇯🇵 Itochu Corporation1.5$5.5B 🇺🇸 DaVita1.3$5.0B 🌍 Other9.4$35.9B Total100$377.9B

From this, we can see that Berkshire’s largest position is Apple, which makes up almost 40% of the portfolio and is worth nearly $150 billion.

While Warren Buffett once referred to Apple as the best business in the world, his firm actually trimmed its position by 13% in Q1 2024.

Even after that cut, Berkshire still maintains a 5.1% ownership stake in Apple.

Why Japanese Stocks?

While most of Berkshire’s major positions are in American companies, Japanese firms make up a significant chunk.

In 2020, Berkshire took positions in five Japanese trading houses: Itochu, Marubeni, Mitsubishi, Mitsui, and Sumitomo.

Also known as sōgō shōsha, which translates to “general trading company”, these firms are highly diversified across major

Nvidia is Worth More Than All of These Companies Combined

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May 27, 2024 Graphics/Design:

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Putting the Market Cap of Nvidia Into Perspective

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.

Nvidia’s massive rise in the AI era has been well-documented, but did you know that it’s currently the world’s third most valuable company?

To put the massive market cap of Nvidia into perspective, we’ve put it side by side with a collection of other major U.S. tech companies.

All figures were sourced from Companiesmarketcap.com, and are as of May 23, 2024.

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Data and Takeaways

All of the numbers we used to create this graphic are included in the table below.

CompanyMarket Cap
(as of May 23, 2024) Nvidia$2.5T Meta$1.2T Tesla$553B Netflix$272B AMD$257B Intel$128B IBM$157B

These figures are even more impressive when you consider that at the beginning of 2020, Nvidia was valued at a relatively tiny $145 billion.

Since then, the company has greatly surpassed other American chipmakers like Intel and AMD. This growth is due to several key factors:

Expansion into AI and data centers: Nvidia’s chips are highly effective for AI training, making them essential for companies engaged in machine learning and generative AI Advancements in AI software: Nvidia has developed AI software platforms, such as CUDA-X and TensorRT, which are widely used by researchers. Strong financial performance: Nvidia has consistently delivered strong financial results in recent years, with substantial revenue growth. Closing in on Apple

With Nvidia’s latest stock surge (up 13.5% over the past five days ending May 24, 2024), the company could possibly overtake Apple to become the world’s second most valuable company.

Microsoft, another major player in AI, holds the #1 spot with a market cap of $3.2 trillion.

See More Visuals on Nvidia

If you enjoyed this graphic, be sure to check out this graphic that breaks down Nvidia’s revenue by product line, from 2019 to 2024.

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What History Reveals About Interest Rate Cuts

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May 23, 2024 Graphics & Design What History Reveals About Interest Rate Cuts

The Federal Reserve has overseen seven cycles of interest rate cuts, averaging 26 months and 6.35 percentage points (ppts) each.

We’ve partnered with New York Life Investments to examine the impact of interest rate cut cycles on the economy and on the performance of financial assets in the U.S. to help keep investors informed. 

A Brief History of Interest Rate Cuts

Interest rates are a powerful tool that the central bank can use to spur economic activity. 

Typically, when the economy experiences a slowdown or a recession, the Federal Reserve will respond by cutting interest rates. As a result, each of the previous seven rate cut cycles—shown in the table below—occurred during or around U.S. recessions, according to data from the Federal Reserve. 

Interest Rate Cut CycleMagnitude (ppts) July 2019–April 2020-2.4 July 2007–December 2008-5.1 November 2000–July 2003-5.5 May 1989–December 1992-6.9 August 1984–October 1986-5.8 July 1981–February 1983-10.5 July 1974–January 1977-8.3 Average-6.4

Understanding past economic and financial impacts of interest rate cuts can help investors prepare for future monetary policy changes.

The Economic Response: Inflation

During past cycles, data from the Federal Reserve, shows that, on average, the inflation rate continued to decline throughout (-3.4 percentage points), largely due to the lagged effects of a slower economy that normally precedes interest rate declines. 

CycleStart to end change (ppts)End to one year later (ppts) July 2019–April 2020-1.5+3.8 July 2007–December 2008-2.3+2.6 November 2000–July 2003-1.3+0.9 May 1989–December 1992-2.5-0.2 August 1984–October 1986-2.8+3.1 July 1981–February 1983-7.3+1.1 July 1974–January 1977-6.3+1.6 Average-3.4+1.9

However, inflation played catch-up and rose by +1.9 percentage points one year after the final rate cut. With lower interest rates, consumers were incentivized to spend more and save less, which led to an uptick in the price of goods and services in six of the past seven cycles. 

The Economic Response: Real Consumer Spending Growth

Real consumer spending growth, as measured by the Bureau of Economic Analysis, typically reacted to rate

The Growth of a $1,000 Equity Investment, by Stock Market

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May 6, 2024 Graphics/Design:

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Visualizing Stock Market Growth by Country

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.

In this graphic, we show the change in value of a $1,000 investment in various leading equity indexes from around the world. This data was sourced from Investing.com, and covers a five-year period from April 2019 to April 2024.

See the following table for the five-year annual return figures of the indexes shown above.

Index5-Yr Return
as of April 1, 2024 🇮🇳 NIFTY 5092.4% 🇯🇵 Nikkei 22572.5% 🇺🇸 S&P 50070.9% 🇨🇦 S&P/TSX Composite31.0% 🇬🇧 FTSE 1009.8% 🇭🇰 Hang Seng-40.2%

In terms of stock market growth by country, India (represented here by the NIFTY 50) has impressively surpassed both the U.S. and Japan.

What is the NIFTY 50?

The NIFTY 50 is an index of the 50 largest and most actively traded Indian stocks. Similar to the S&P 500, it represents a range of industries and acts as a benchmark for investors to gauge the performance of the country’s broader stock market.

What’s Going on in India?

India’s multi-year bull market has led to several records being shattered in 2023. For example, the country’s total stock market market capitalization surpassed $4 trillion for the first time, while India-focused ETFs pulled in net inflows of $8.6 billion over the year.

A primary driver of this growth is the country’s fast-rising middle class. According to a report by Morgan Stanley, this “once-in-a-generation shift” will result in India having the third largest stock market globally by 2030, presumably behind the U.S. and China.

Japan Also Breaks Records

Japanese equities (represented in this graphic by the Nikkei 225) slightly outperformed the S&P 500 over the past five years. The index, which represents the top 225 companies on the Tokyo Stock Exchange, recently set a new record high for the first time since 1989.

Japanese companies have reported strong earnings as of late, partly thanks to a weak yen, which benefits many of the country’s export-reliant companies.

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