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Tech Giants Market Cap

Rise of the Tech Giants

In the past decade we have watched the rise of the tech giants, the only on the charts back 10 years ago was Microsoft and currently sitting at the top of the stack. As outlined by Statista:

Sixteen years ago, everyday life was very different: smartphones as we know them today had not yet been invented, Facebook had only just been founded, and ExxonMobil was worth ten times as much as Apple. More than a decade later, the rise of America’s digital giants has radically changed this landscape.

As an illustration of the unshakeable growth of GAFAM (or is it now AMAMA?), Apple surpassed the $2 trillion market capitalization threshold for the first time last year- a historic milestone that only the oil giant Saudi Aramco had crossed before. Since then though, Microsoft has joined Apple in the two trillion club, even surpassing their rival at the time of writing.