While many companies inside the usand globally struggled in 2020 as a result of pandemic, America’s largest tech companies wrapped up an enormous 12 months.
The tech giants Apple, Microsoft, Amazon, Alphabet, Facebook, Tesla and Nvidia reached a mixed $3.4 trillion in market cap in 2020 amid the pandemic.
Signs of robust demand for its iPhone 12 fashions and optimism about its self-driving automobile induced Apple’s shares to surge. With practically $1 trillion in value, Apple recorded the most important improve in market cap in 2020.
Amazon maintained its lead in e-commerce enterprise. Its client and cloud-computing enterprise rose by $710 billion – an 81% improve in opposition to Apple’s 84% improve in 2020.
Microsoft Teams reached 115 million day by day lively customers, reflecting robust demand for Teams because the lifeline for distant and hybrid work and studying through the pandemic. Microsoft picked up $480 billion in 2020.
The power of Google and Facebook’s on-line advert duopoly elevated. Google’s dad or mum firm, Alphabet, gained $268 billion, whereas Facebook added $193 billion in 2020.
Meanwhile, Tesla ended the 12 months with the most important shock after a surge in its shares, lifting the electrical automobile maker’s market cap from $76 billion at the start of the 12 months to $669 billion on the finish of the 12 months. Tesla turned the largest-ever addition to the S&P 500 in December 2020
NVIDIA, inventor of the GPU, which creates interactive graphics on laptops, workstations, cell units, notebooks, PCs, and extra, doubled in value in 2020, closing with a market cap of $323 billion and making it the seventh most valuable expertise firm in the U.S.
The good points recorded by the above seven most valuable U.S. tech companies are clearly mirrored in the ranks of the richest individuals in the world. The CEO of Amazon, Jeff Bezos, is the wealthiest individual in the world, adopted by Elon Musk, the CEO of Tesla. Microsoft co-founder Bill Gates is the fourth wealthiest individual in the world. Mark Zuckerberg, the CEO of Facebook, is fifth. Also in the highest 10 wealthiest are Google founders Larry Page and Sergey Brin and Microsoft ex-CEO Steve Ballmer.