Apple, Microsoft, Amazon, Google’s parent company Alphabet, Facebook, Tesla, and Nvidia seven major US technology giants, driven by the global new Covid-19 pandemic in 2020 and the widespread economic crisis, have increased their total market value by $3.4 trillion.
Among them, TeslaThe crazy spike in stock prices is the biggest surprise. The company’s stock price has doubled seven-fold in 2020, pushing the electric car manufacturer’s market value from $76 billion at the beginning of the year to $669 billion on Thursday’s close.
Although the company initially closed its factories due to the impact of the Covid-19 pandemic, its stock price rebounded sharply and delivered a record number of electric vehicles in the third quarter.
In December, Tesla became a constituent stock of the S&P 500 Index. After five consecutive quarters of profitability, the index joined the index with the fifth-ranked weight.
At the same time, the market value of chipmaker Nvidia has more than doubled in 2020, and its current market value is US$323 billion, making it the seventh-largest technology company in market capitalization, and its market capitalization ranks 16th among American companies.
The biggest increase in market value in 2020 is AppleThe company’s stock price has risen 81%, and the company’s market value has risen by nearly $1 trillion.
Thanks to the growth of consumers and cloud computing business, AmazonThe market value of the company has increased by $710 billion in 2020.
Additionally, Microsoft’s market value increased by US$480 billion last year, Alphabet increased by US$268 billion, FacebookAn increase by 193 billion US dollars.
(Via)
