5 Biggest Tech Companies In The World After the 2022 Stock Market Collapse

In this article, we will discuss the 5 biggest tech companies in the world after the 2022 stock market collapse. If you want to explore similar tech companies, you can also read 15 Biggest Tech Companies In The World After the 2022 Stock Market Collapse.

5. NVIDIA Corporation (NASDAQ:NVDA)

Market Cap as of November 10: $341.86 Billion

NVIDIA Corporation (NASDAQ:NVDA) is a world leader in semiconductors and the leading of GPUs. The company has a strong R&D team that is constantly innovating and developing new technologies that keep NVIDIA Corporation (NASDAQ:NVDA) at the forefront of the industry. NVIDIA Corporation (NASDAQ:NVDA) has a well-established distribution and sales network, which gives it reach into key markets around the world. Furthermore, the company has a strong financial position, which has allowed it to invest in growth initiatives and acquisitions to fuel its expansion. NVIDIA Corporation (NASDAQ:NVDA) has free cash flows of $6.2 billion.

On October 25, Needham analyst Rajvindra Gill revised his price target on NVIDIA Corporation (NASDAQ:NVDA) to $155 from $170 and maintained a Buy rating on the shares. The company is valued at $341.86 billion, as of November 10, and is ranked high among the biggest tech companies in the world.

Here is what ClearBridge Investments had to say about NVIDIA Corporation (NASDAQ:NVDA) in its third-quarter 2022 investor letter:

“Likewise, graphics chip maker NVIDIA Corporation (NASDAQ:NVDA) (-19.9%) has struggled through the post-COVID-19 recovery but maintains dominant positions in key secular growth markets of AI and gaming. The company has significantly underperformed the index and semiconductor peers recently due to a gaming inventory correction, a decline in aggregate cryptocurrency demand and reduction in crypto mining intensity as well as concerns around the sustainability of data center sales.

We tactically trimmed our position early in 2022 due to concerns around these cycle dynamics but remain confident in the company’s long-term prospects.”

4. Amazon.com, Inc. (NASDAQ:AMZN)

Market Cap as of November 10: $980.28 Billion

Amazon.com, Inc. (NASDAQ:AMZN) is the clear leader in e-commerce and cloud computing and is well-positioned to continue its dominance in these growing markets. The company Amazon has a strong brand and is trusted by consumers around the world. Amazon.com, Inc. (NASDAQ:AMZN) has a vast and growing ecosystem of products and services, which gives it a competitive advantage over other e-commerce and cloud providers. The company Amazon has a proven track record of innovating and expanding into new markets, which should continue to drive growth in the future. As of November 10, Amazon.com, Inc. (NASDAQ:AMZN) has a market cap of $980.28 billion and is one of the biggest tech companies in the world.

On October 27, Amazon.com, Inc. (NASDAQ:AMZN) posted earnings for the fiscal third quarter of 2022. The company reported earnings per share of $0.28 and outperformed estimates by $0.08. The company generated a revenue of $127.10 billion, up 14.70% year over year.

On October 28, Truist analyst Youssef Squali updated his price target on Amazon.com, Inc. (NASDAQ:AMZN) to $160 from $170 and reiterated a Buy rating on the shares.

Here is what Alger Capital had to say about Amazon.com, Inc. (NASDAQ:AMZN) in its third-quarter 2022 investor letter:

“Amazon.com, Inc. (NASDAQ:AMZN) is a well-known online retailer and cloud computing leader. The company’s amazon web services business provides utility-scale cloud offerings that facilitate corporate America’s transition to digital systems. Shares outperformed during the quarter as investors were encouraged by strong second-quarter performance despite a challenging macroeconomic environment. Moreover, the company’s retail segment was resilient and avoided discounting inventory like some major retailers did. Revenues for the company’s cloud computing segment, amazon web services (AWS), grew faster than analysts’ estimates during the quarter due to continuing corporate demand for digitization. As a result, management provided better-than-expected forward guidance.”

3. Alphabet Inc. (NASDAQ:GOOG)

Market Cap as of November 10: $1.21 Trillion

Alphabet Inc. (NASDAQ:GOOG) is a global leader in the tech industry and is among the biggest tech companies in the world. As of November 10, the company is worth $1.21 trillion on the open market. Alphabet Inc. (NASDAQ:GOOG)  has a very strong competitive position in the technology industry, with a competitive moat that is difficult for other companies to replicate. The company is leading next-gen areas including cloud computing, artificial intelligence, and the Internet of Things.

On October 25, Alphabet Inc. (NASDAQ:GOOG) announced earnings for the fiscal third quarter of 2022. The company reported earnings per share of $1.06 and generated a revenue of $69.09 billion. On October 25, KeyBanc analyst Justin Patterson updated his price target on Alphabet Inc. (NASDAQ:GOOG) to $120 from $125 and maintained an Overweight rating on the shares. This October, Deutsche Bank analyst Benjamin Black revised his price target on Alphabet Inc. (NASDAQ:GOOG) to $130 from $135 and reiterated a Buy rating on the shares

Here is what Mayar Capital had to say about Alphabet Inc. (NASDAQ:GOOG) in its third-quarter 2022 investor letter:

“In early January this year – which admittedly feels like eons ago – US President Joe Biden was pushing Americans to take up the government’s offer of free COVID tests to help tackle the surging omicron variant. How did Biden respond when citizens asked about the availability of these tests?

“Google it!”

This advice, undoubtedly well-meant, was roundly scoffed at by the press, however. It seemed too obvious to be very helpful.

Anyway, the anecdote serves to introduce you to one of our largest holdings, Alphabet; the parent company of Google. Note that first, Alphabet’s original and core product – its search engine – has entered our common vocabulary as a verb. ‘Googling’ something has the same meaning as ‘researching’ or ‘finding an answer to’ something. Second the reason Biden’s advice was met with such opprobrium was because Googling something has become almost second nature to us now.

These two observations reveal a lot about Google’s strength in the search engine market, in which it has a share of over 90 percent. Because internet search is almost the prototypical network, Google has benefitted from – and we think is also protected by – the huge competitive advantage its scale brings – both to those asking the questions and those providing the answers. The Google search platform becomes increasingly useful to anyone seeking information as a greater volume of stuff becomes available. This starts a virtuous cycle that results in a colossal market share for Google itself. In the language of business strategists, Google benefits from vast network effects.

Because Google’s search results are viewed by billions of eyeballs every day, its search page ‘real estate’ is understandably very valuable to those with goods and services to sell. Advertising revenues from this ‘real estate’ as well as that from its other properties such as Mail, Maps, and so on, totaled almost USD 150b in 2021; amounting to almost 58% of the company’s revenues. Ad sales on YouTube, also owned by Alphabet, brought in another USD 28b. With the secular shift of the advertising spend to digital channels – over which Alphabet has a tight grip – we estimate the company has a share of around 40% of the digital advertising market and is probably the most valuable advertising property in the world…” (Click here to see the full text)

2. Microsoft Corporation (NASDAQ:MSFT)

Market Cap as of November 10: $1.70 Trillion

Microsoft Corporation (NASDAQ:MSFT) has a very strong brand name that is recognized around the world. This gives the company a significant advantage in terms of marketing and selling its products and services. The company also has a very strong financial position. The company has a large cash reserve and generates significant profits each year. This allows it to invest heavily in research and development, as well as acquire other companies. Microsoft Corporation (NASDAQ:MSFT) has free cash flows of $63.3 billion and is worth $1.70 trillion on the open market, as of November 10. The company is one of the biggest tech companies in the world.

This October, BMO Capital analyst Keith Bachman updated his price target on Microsoft Corporation (NASDAQ:MSFT) to $270 from $295 and reiterated an Outperform rating on the shares. On November 2, Macquarie analyst Sarah Hindlian-Bowler took coverage of Microsoft Corporation (NASDAQ:MSFT) with a Neutral rating and a $234 price target.

Here is what Alger Capital had to say about Microsoft Corporation (NASDAQ:MSFT) in its third-quarter 2022 investor letter:

“Microsoft Corporation (NASDAQ:MSFT) is a positive dynamic change beneficiary of corporate America’s transformative digitization. Microsoft CEO expects technology spending as a percent of gross domestic product (GDP) to jump from about 5% now to 10% in 10 years and that Microsoft will continue to capture market share within the technology sector.

Microsoft’s shares underperformed during the period because the company slightly missed analysts’ estimates. The miss was due to foreign currency headwinds, weakening small business and consumer demand, and decreasing advertising activity. However, Microsoft showed that despite consumer, advertising, and small and medium business weakness; the company’s main business, the digitization of corporate America, continues to grow. We believe the secular forces of cloud adoption (azure and office 365) remain resilient, and the company’s commercial bookings growth attest to the continued demand for digital transformation.”

1. Apple Inc. (NASDAQ:AAPL)

Market Cap as of November 10: $2.18 Trillion

On October 27, Apple Inc. (NASDAQ:AAPL) posted market-beating earnings for the fiscal fourth quarter of 2022. The company reported earnings per share of $1.29 and beat estimates by $0.02. The company generated a revenue of $90.15 billion for the quarter, up 8.14% year over year, and outperformed Wall Street consensus by $1.37 billion. As of November 10, Apple Inc. (NASDAQ:AAPL) has a market cap of $2.18 trillion and is ranked high among the biggest tech companies in the world.

Apple Inc. (NASDAQ:AAPL) is known for its high-quality products and innovative designs. The company has a loyal customer base that is willing to pay premium prices for its products. The company’s ecosystem of products and services is another competitive advantage. Apple’s (NASDAQ:AAPL) ecosystem includes its operating system, hardware, software, and services. This ecosystem is integrated and seamless, making it easy for customers to use Apple products and services. The company also has a large cash reserve and generates a lot of cash flow from its operations, which allows it to invest in new products and services, and acquire other companies. Apple Inc. (NASDAQ:AAPL) has free cash flows of $111.4 billion.

This November, UBS analyst David Vogt updated his price target on Apple Inc. (NASDAQ:AAPL) to $180 from $185 and maintained a Buy rating on the shares.

Here is what Wedgewood Partners had to say about Apple Inc. (NASDAQ:AAPL) in its third-quarter 2022 investor letter:

“Apple Inc. (NASDAQ:AAPL) grew revenues +5% (foreign exchange adjusted and excluding Russia) driven by record iPhone revenues that were up about +3% on an exceptional year ago comparison of +50%. Apple’s installed base is over 1.8 billion devices which helps drive a software and services business that has generated almost $80 billion of revenue over the past 4 quarters. As we have highlighted in the past, Apple’s relentless focus on the development and integration between hardware (especially ICs) as well as software, continues to add significant value for customers of its products and services. We expect this favorable competitive dynamic to continue for the foreseeable future.”

You can also take a look at 10 Best Safe Dividend Stocks for Retirement Portfolios and 10 Best Technology Dividend Stocks To Buy.

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