Top 5 IoT Companies in the World

In this piece, we will take a look at the top five IoT companies in the world. For more companies, take a look at Top 15 IoT Companies in the World.

5. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 71

QUALCOMM Incorporated (NASDAQ:QCOM) is one of the largest semiconductor designers and sellers in the world. Its chips power wireless routers, smartwatches, cars, and other devices through modems.

QUALCOMM Incorporated (NASDAQ:QCOM) also provides IoT as a service, which enables its customers to use an end to end IoT system for connectivity and other needs under a single roof. Some of the industries that use QUALCOMM Incorporated (NASDAQ:QCOM)’s IoT products are shipping, construction, agriculture, education, and healthcare. It also holds a 47% share of the CDMA market for automotive applications.

QUALCOMM Incorporated (NASDAQ:QCOM)’s largest investor is Panayotis Takis Sparaggis’s Alkeon Capital Management which owns 4.2 million shares that are worth $541 million.

4. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 84

NVIDIA Corporation (NASDAQ:NVDA) is a graphics processing unit (GPU) designer and seller whose products are used in several products, such as data centers and processors for the IoT market.

NVIDIA Corporation (NASDAQ:NVDA)’s Jetson Nano allows IoT gadgets such as robotics to connect to the cloud and transmit data for data analytics. The firm’s IoT software support has 81 repositories available for developers, and its Edge computing solutions target a wide variety of industries such as retail, manufacturing, healthcare, and smart cities. Edge computing is the portion of an infrastructure that is directly connected to consumer or user facing devices and gadgets.

NVIDIA Corporation (NASDAQ:NVDA)’s largest investor is Ken Fisher’s Fisher Asset Management which owns 7.5 million shares that are worth $1.1 billion.

3. Advanced Micro Devices, Inc. (NASDAQ:AMD)

Number of Hedge Fund Holders: 87

Advanced Micro Devices, Inc. (NASDAQ:AMD) is an American semiconductor firm whose products power data centers, computers, laptops, and gaming consoles. The firm is headquartered in Santa Clara, California, the United States.

Advanced Micro Devices, Inc. (NASDAQ:AMD) targets the industrial market, transportation, supply chain, finance, healthcare, retail, and energy with its IoT processors. These processors, such as the Ryzen 3000 Embedded series, are designed with computing power and information security for connecting to an Edge network, and Advanced Micro Devices, Inc. (NASDAQ:AMD)’s embedded R and G series systems on chips (SoCs) also provide a customized solution for IoT products.

Ken Fisher’s Fisher Asset Management is Advanced Micro Devices, Inc. (NASDAQ:AMD)’s largest investor through a $1.9 billion stake.

2. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 128

Apple Inc. (NASDAQ:AAPL) is the largest consumer technology company in the world. The firm sells smartphones, notebooks, smartwatches, and other products.

Apple Inc. (NASDAQ:AAPL) has the largest market share in the globe when it comes to smartwatches. As of the second quarter of this year, the firm was responsible for 40% of the global smartwatch shipments. The company raked in a whopping $41 billion in revenue from IoT products for the 12 months ending in September 2022.

Apple Inc. (NASDAQ:AAPL)’s largest investor is Warren Buffett’s Berkshire Hathaway. It owns a massive $122 billion stake that comes courtesy of 894 million shares.

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

Number of Hedge Fund Holders: 252

Amazon.com, Inc. (NASDAQ:AMZN) is the world’s largest electronic commerce retailer. Additionally, it also provides smart gadgets such as speakers, and a cloud computing platform.

Amazon.com, Inc. (NASDAQ:AMZN)’s Amazon Web Services (AWS) division is optimized for IoT as it lets users use transmitted data for machine learning and artificial intelligence, secure the data through encryption, scale up the network to accommodate more than a billion devices, and build end to end solutions. The AWS for IoT is used in several industries such as mobility and industrial operations.

Amazon.com, Inc. (NASDAQ:AMZN)’s largest shareholder in our database of 895 hedge funds is Ken Fisher’s Fisher Asset Management which owns a $5.1 billion stake.

Disclosure: None. You can also take a look at Best Alternative Energy Stocks To Buy and 10 Best Cybersecurity Stocks To Buy Under $20.

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