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The following is a list of publicly traded companies having the greatest market capitalization, sometimes described as their "market value": [1] Market capitalization is calculated by multiplying the share price on a selected day and the number of outstanding shares on that day.
The software giant took the top spot just after the start of trading, hitting north of $2.8 trillion. Apple’s market cap was also trading above $2.8 trillion, but was just behind Microsoft.
The following list sorts countries by the total market capitalization of all domestic companies [clarification needed] listed in the country, according to data from the World Bank. Market capitalization, commonly called market cap, is the market value of a publicly traded company's outstanding shares. [1]
In April 2019, Microsoft reached $1 trillion in market capitalization for the first time. [53] In June 2021, Microsoft crossed $2 trillion for the first time, [ 54 ] [ 55 ] and in October 2021 briefly surpassed Apple as the most valuable company in the world before finishing the year second to Apple at $2.5 trillion.
As of August 3, 2018, Apple was the largest publicly traded corporation in the world by market capitalization. On August 2, 2018, Apple became the first publicly traded U.S. company to reach a $1 trillion market value, [306] [307] and as of June 2024, is valued at just over $3.2 trillion. [7]
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Market cap is given by the formula =, where MC is the market capitalization, N is the number of common shares outstanding, and P is the market price per common share. [ 8 ] For example, if a company has 4 million common shares outstanding and the closing price per share is $20, its market capitalization is then $80 million.
The milestone comes after a rip-roaring first half of 2023 for tech stocks, which has seen the Nasdaq rise 30% while Apple stock has gained more than 45%.