Source: Barron's Chinese
Author: Anita Hamilton

Concerns about the 'lost decade' facing US Stocks do not change the fact that in 2024, the Market Cap of the most valuable listed companies in the USA saw an astonishing increase.

The total Market Cap of the 'Trillion Dollar Club', composed of companies with a Market Cap exceeding 1 trillion dollars, nearly doubled in 2024, reaching 19 trillion dollars, up from 10 trillion dollars at the end of 2023.

The decline in interest rates and the investor enthusiasm brought about by AI were the main reasons behind the rise of these Stocks last year, with the number of members in the 'Trillion Dollar Club' increasing to 8 companies, compared to 5 in 2023 and 2022. Investors are quite familiar with most companies in the 'Trillion Dollar Club', including $Alphabet-A (GOOGL.US)$ / $Alphabet-C (GOOG.US)$ 、 $Amazon (AMZN.US)$ 、 $Apple (AAPL.US)$ and$Microsoft (MSFT.US)$, there is also a newly joined company, as well as two companies that have recently rejoined after their Market Cap fell below 1 trillion USD.

Eight companies with a Market Cap exceeding 1 trillion USD.

Despite significant increases in the Market Cap of other Technology companies, Apple remains the largest publicly traded company in the USA, with a Market Cap of 3.8 trillion USD. More than half of Apple's revenue comes from the iPhone, and one reason for the stock price increase is investors' hope that the inclusion of AI in its devices will continue to boost profits. Apple was also the first company to reach a Market Cap of 1 trillion USD and 3 trillion USD, achieving these milestones in 2018 and 2022, respectively.

Manufacturing chips for AI Datacenters.$NVIDIA (NVDA.US)$The company with the largest increase in Market Cap has grown by over 2 trillion USD in the past 12 months, currently reaching 3.3 trillion USD, moving up from fifth place in 2023 to second place. NVIDIA's Market Cap first exceeded 1 trillion USD in May 2023 and surpassed 3 trillion USD in early June 2024.

Another company with a significant increase in Market Cap is$Broadcom (AVGO.US)$The company's business includes the production of AI chips, enterprise software, and security solutions. Broadcom first joined the "Trillion-Dollar Club" on December 13, 2024, and its Market Cap has doubled since the end of 2023, reaching 1.1 trillion dollars.

After the Market Cap fell below 1 trillion dollars,$Tesla (TSLA.US)$and$Meta Platforms (META.US)$ rejoined the "Trillion-Dollar Club" in 2024. Concerns over electric vehicle sales have troubled Tesla in recent years, but after Trump was re-elected as president of the USA, Tesla's stock price surged significantly last November. Tesla CEO Elon Musk became an advisor to Trump, and their close relationship is seen as Bullish for Tesla's stock price. Meanwhile, Meta Platforms' Market Cap has grown due to strong ad sales on Facebook, Instagram, and Other applications, which account for a very high proportion of the company's total revenue.

编辑/jayden