Software is very much important and fundamental in our daily lives. As of present tech companies continue to thrive amid higher margins, low costs, increasing growth and expanding user base. Products and services of tech companies are used by almost everyone as the world moves to the internet, apps, gaming, entertainment and Cloud.
Here is a summary of the 15 Most Valuable Technology Companies in the World according to Insider Monkey.
Oracle Corporation provides technological solutions in all aspects of information technology to help businesses optimize their corporate process. The company’s cloud services and license support revenues totaled $7.3 billion, up 5% in the third quarter of 2021. Cisco Systems Inc. focuses on the manufacturing of IP-based networking products which include routers, access points, and web security among the few. Shares of CSCO increased 35% over the past twelve months.
Adobe Inc. has been in the industry since 1982 offering design and media solutions. The company focuses on developing its creative cloud services that include Photoshop, Premiere Pro, Acrobat, and Illustrator. Shares have surged 57% over the past twelve months. ASML Holdings N.V. produces lithography machines used by some of the largest chipmakers in the world such as Intel and TSMC. The company’s net sales in 2020 were $16.4 billion. Shares of ASML surged 144% over the past twelve months.
Intel Corporation is widely known for its powerful chipsets and computer products. According to Statista, the technology company has been a major player in the global semiconductor industry for the past ten years, with a market share of about 15%. NVIDIA Corporation has gained more popularity as the demand for heavy-duty GPUs increased because of its dominance in the gaming and cryptocurrency mining industries. Revenue for fiscal 2021 hit a new high of $16.68 billion, up 53% from $10.92 billion the previous year.
Taiwan Semiconductor Manufacturing Company Limited is the third biggest semiconductor manufacturer in the world supplying about 28% of the global semiconductor market. The company’s revenue in the fourth quarter of 2020 was $12.7 billion. Alibaba Group Holding Limited is also taking advantage of the cloud computing services’ growing demand. Alibaba Cloud provides storage, large-scale computing, big data analytics, security management, and machine learning platform.
Tesla Inc. stands out in the industry with its autopilot self-driving car technology and as the leading EV company and one of the fastest-growing brands worldwide. Tesla’s overall revenue came in at $31.5 billion. The stock has gained 584% in the last twelve months. Tencent Holdings Ltd. operates e-commerce business and offers internet-related products and services such as artificial intelligence. In addition to its influence in the e-commerce industry, the company also engages in providing fintech and cloud services.
Facebook Inc. is known for developing social media applications in the entertainment sector. In 2020, the company’s revenue came in at $84.2 billion. Shares of FB increased 85% over the past twelve months. Alphabet Inc. the multinational tech conglomerate dominates the ad market generating $46 billion alone in ad revenue. Alphabet is the parent company of Google and YouTube.
Amazon.com Inc. offers an e-commerce platform, cloud computing services, digital streaming, and artificial intelligence products. The company’s revenue in the fourth quarter of 2020 came in at $125.6 billion. The stock has gained 62% in the last twelve months. Microsoft Corporation is the world’s largest cloud computing company, offering intelligent cloud applications, which is advanced computing supported by the public cloud and artificial intelligence (AI) technology for any intelligent application or device.
Apple Inc. has become the most valuable technology company in the world. In the first quarter of 2021, Apple Inc reached a record revenue of $111.4 billion. The stock has gained 102% in the last twelve months.
Read more of Insider Monkey’s 15 Most Valuable Technology Companies in the World here.
