Top 5 Most Valuable American Companies Today

2. Microsoft Corporation (NASDAQ:MSFT)

Market cap as at 27th October 2023 (in $ billions): 2,451

Microsoft Corporation (NASDAQ:MSFT) has been making major strides in the AI sector, after purchasing OpenAI, creators of Chat GPT, for $10 billion. Now, Microsoft Corporation (NASDAQ:MSFT) is working on a Chat GPT style AI assistant, which can not only attend meetings for you, but can also send emails on your behalf. Microsoft Corporation’s (NASDAQ:MSFT) investment in AI is said to have helped stabilize its cloud business, as in Q3 2023, revenue jumped by 13% as compared to the previous quarter. Overall, Microsoft Corporation (NASDAQ:MSFT) has seen its market cap increase by nearly 38% YTD 2023 and is looking to challenge Apple to become America’s most valuable company.