SpaceX founder and Tesla CEO Elon Musk will attend the Axel Springer Awards Ceremony in Berlin, Germany on Tuesday, December 1, 2020.
Johannessen-Koppitz | Bloomberg | Getty Images
The largest technology company has just ended a long year.
The seven most valuable technology companies in the U.S. ̵
Between continued optimism about iPhone sales, Microsoft’s growing Teams collaboration products, Amazon’s continued control of e-commerce, and the duopoly of Google and Facebook online advertising, Big Tech has neither slowed down due to the development of Covid-19 The number of investigations conducted due to its dominant position has not increased.
Tesla’s crazy rally was the biggest surprise.
The stock has risen nearly nine times this year, raising the market value of electric car manufacturers from $76 billion at the beginning of the year to $669 billion at the close of trading on Thursday. Despite the initial factory closure due to the pandemic, Tesla rebounded, delivering a record number of vehicles in the third quarter.
Tesla leads tech stocks in 2020
This month, Tesla became the largest increase in the constituent stocks of the S&P 500 Index. After five consecutive profitable quarters, the index was added to the index with the fifth weight.
At the same time, the market value of chip maker Nvidia has more than doubled in 2020, with a market value of $332 billion, making it the seventh most valuable technology company, and it ranks 16th in the U.S. for gaming device graphics. Processors are quickly released. The company has been working hard to keep up with demand.
Nvidia’s chips are also becoming more and more popular in data centers, where enhanced workloads require faster speeds. In September last year, Nvidia agreed to acquire Arm Holdings, a mobile chip maker, from SoftBank for $40 billion. This is the second largest deal announced by a US technology company this year. However, Chinese regulators can still stop it.
So far, the largest increase in market value has been Apple, and its stock price has risen by nearly $1 trillion, thanks to an 81% increase in its stock price. Thanks to the growth of its consumer and cloud computing business, Amazon has grown by $710 billion. Microsoft received $480 billion, Alphabet received $268 billion, and Facebook received $193 billion.
These gains are clearly reflected in the ranks of the richest people. Amazon’s Jeff Bezos (Jeff Bezos) is the richest person in the world, followed by Tesla’s Elon Musk and Microsoft co-founder Bill Gates (Bill Gates). Facebook CEO Mark Zuckerberg ranked fifth. Google founders Larry Page and Sergey Brin and former Microsoft CEO Steve Ballmer are also in the top ten.
Look: Whether with or without economic stimulus measures, large-scale technologies are doing well