Trillion Dollar Club

By Erin Clerici - 31 May 2023 1544 0 comment

Back in 2018, Apple Inc. became the first U.S. company to have a market capitalization of over $1T.

A lot has happened since then. Apple is approaching the $3T mark and 6 other companies have been members of the Trillion Dollar Club during that time (data as of 5/31/2023):

Microsoft $2.4T
Alphabet $1.5T
Amazon $1.2T
Meta (Facebook) and Tesla both got above $1T but have fallen below.
Nvidia was a newbie to the Trillion Dollar Club just this week before it settled down to $.9T. This company is soaring because it makes the chips to power AI.

All the companies above except for Nvidia are on our stock list.

Market Capitalization = Stock Price x Shares Outstanding

As you can see from the formula above, big changes in the stock price can cause significate changes in the market cap of a stock. It is changing every day. Here is a good place to get an up to date snapshot at the companies with the largest market cap.

$1,000,000,000,000

Our previous post provided some datapoints to help put a trillion into perspective and it is worth repeating here:

Mexico’s GDP is just above $1T
A trillion dollar bills laid end to end would reach the Sun
If you spend $1 per second, it would take you almost 32,000 years to spend a trillion dollars (even my wife can’t do that)

Tags:market cap apple market cap nvidia market cap

Erin Clerici

Erin has degrees in finance and journalism from Arizona State University and started her career as a financial journalist at Bloomberg in New York City and London. Her interest in the stock market started at a young age when her dad asked her and her sisters to choose a company to invest in. Erin chose Nokia, which at the time had enormous marketshare in the mobile and smartphone market, and her sisters chose Starbucks and Intel. While it ended up being a loser (thanks, Apple!), that investment and the choices her sisters made taught her valuable life-long lessons and sparked a curiosity to keep on learning and investing.

In her free time, you'll find her hanging out with her husband and their boy-girl twins, playing with her three pups, on a hike, or at a local Denver brewery. She has a passion for traveling and exploring new cultures, trying new foods and giving back to her community.