In this article, we discuss 5 of the biggest IT companies in the world. If you want to see more of the biggest IT companies in the world, go directly to 15 Biggest IT Companies in the World.
5. Tesla, Inc. (NASDAQ:TSLA)
Market Capitalization as of 11/5: $645.31 billion
Number of Hedge Fund Holders: 72
Although it’s an electric vehicle company, Tesla, Inc. (NASDAQ:TSLA) is arguably also an IT company given that it is trying to use computer technology and information to make its vehicles autonomous one day. Furthermore, Tesla, Inc. (NASDAQ:TSLA) is also developing robots that also uses computer technology. Given the market expects a lot of growth in the future, Tesla, Inc. (NASDAQ:TSLA) has a market capitalization of $645.31 billion as of 11/5.
4. Amazon.com, Inc. (NASDAQ:AMZN)
Market Capitalization as of 11/5: $994.53 billion
Number of Hedge Fund Holders: 252
In addition to having a leading e-commerce business, Amazon.com, Inc. (NASDAQ:AMZN) has the world’s leading cloud business with Amazon Web Services which provides computing on demand. As a result of the growth in e-commerce and the cloud, Amazon.com, Inc. (NASDAQ:AMZN) has a market capitalization of $994.53 billion as of 11/5.
Diamond Hill Capital Management commented on Amazon.com, Inc. (NASDAQ:AMZN) in a Q2 2022 investor letter,
Amazon.com, Inc. (NASDAQ:AMZN)’s shares underperformed as valuations of fast-growing companies continued to compress in Q2. Amazon’s growth investments over the past two years have pressured earnings as consumer demand has been weaker than anticipated. However, we believe the company will be able to grow into its infrastructure investments over time. These investments have obscured the magnitude of sustainable free cash flow as well as the attractive valuation of the business relative to peers.
3. Alphabet Inc. (NASDAQ:GOOG)
Market Capitalization as of 11/5: $1,120.37 billion
Number of Hedge Fund Holders: 153
Despite the tech market weakness this year, Alphabet Inc. (NASDAQ:GOOG) is still one of the world’s most valuable companies given its market capitalization of $1.12 trillion as of 11/5. Given its popular Android operating system, Alphabet Inc. (NASDAQ:GOOG) is a software maker in addition to helping process a significant part of the world’s information given its leading search engine. Alphabet Inc. (NASDAQ:GOOG) also has a growing cloud business that helps provide other companies computing processing on demand.
2. Microsoft Corporation (NASDAQ:MSFT)
Market Capitalization as of 11/5: $1,586.53 billion
Number of Hedge Fund Holders: 258
Microsoft Corporation (NASDAQ:MSFT) is a leading computer software maker given its Windows and Microsoft Office franchises. Given its fast growing cloud business, Microsoft Corporation (NASDAQ:MSFT) also provides computing processing on demand for other companies. As of 11/5, Microsoft Corporation (NASDAQ:MSFT) has a market capitalization of almost $1.59 trillion, ranking it #2 on our list of 15 Biggest IT Companies in the World.
1. Apple Inc. (NASDAQ:AAPL)
Market Capitalization as of 11/5: $2,067.65 billion
Number of Hedge Fund Holders: 128
Apple Inc. (NASDAQ:AAPL) ranks #1 on our list of 15 Biggest IT Companies in the World given its market capitalization of almost $2.07 trillion. In addition to making computers, Apple Inc. (NASDAQ:AAPL) also makes smartphone hardware and software. For Q4 fiscal year 2022, Apple Inc. (NASDAQ:AAPL) reported revenue of $90.15 billion with iPhone revenue of $42.63 billion and Mac revenue of $11.51 billion.
You can also take a look at 20 Most Admired Companies in the World in 2022 and 15 Biggest Dow Companies By Market Cap.
