Tech’s top seven companies added $ 3.4 trillion in value in 2020

Elon Musk, the founder of SpaceX and CEO of Tesla Inc. arrived at the Axel Springer Awards ceremony in Berlin, Germany on Tuesday, December 1, 2020.

Johannissen-Koppitz | Bloomberg Getty Images

Tech’s biggest companies wrapped up a huge year.

The Seven Most Valuable American Technology Companies Apple, Microsoft, Amazon, Alphabet, Facebook, Tesla and Nvidia Raised a combined $ 3.4 trillion in market cap in 2020, grappling with the global epidemic and macroeconomic crisis.

Between continued optimism in iPhone sales, Microsoft’s growing teams collaboration product, Amazon’s control of e-commerce and the strength of Google and Facebook’s online advertising duplex, Big Tech was neither slowed down by Kovid-19 nor The increasing number of its dominions.

Tesla’s wild rally worked as the biggest surprise.

The stock rose nearly nine-fold this year, increasing the electric car manufacturer’s market cap from $ 76 billion to $ 669 billion in early Thursday. Despite the initial factory closure due to the epidemic, Tesla bounced back in the third quarter to deliver a record number of vehicles.

Tesla led Tech shares in 2020


This month, Tesla became the biggest addition to the S&P 500, joining the index with a fifth-heaviest weight after turning it into five straight profitable quarters.

Meanwhile, chipmaker Nvidia more than doubled in value in 2020, closing with a market cap of $ 323 billion, making it the seventh most valuable tech company and the number one overall in American Nvidia’s graphics processors for gaming devices. 16 is flying so fast. The company has struggled to keep demand.

Nvidia’s chips are also gaining traction in data centers, where workloads require faster speeds. In September, Nvidia agreed to buy mobile chipmaker Arm Holdings from SoftBank for $ 40 billion, the second-largest deal announced by an American tech company this year. However, Chinese regulators could still prevent it.

By far the biggest increase in market cap was found by Apple, which jumped nearly $ 1 trillion in value, which led to its stock climbing 81%. Amazon, which benefited from growth in its consumer and cloud-computing business, raised $ 710 billion. Microsoft raised $ 480 billion, while Alphabet invested $ 268 billion and Facebook $ 193 billion.

The benefits are clearly reflected in the ranks of the richest people. Amazon’s Jeff Bezos is the world’s wealthiest, followed by Tesla’s Elon Musk and Microsoft co-founder Bill Gates. Facebook CEO Mark Zuckerberg ranks fifth. Also in the top 10 are Google founders Larry Page and Sergey Brin, and former Microsoft CEO Steve Ballmer.

Watch: Big Tech has done well with or without economic stimulus


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