Tencent Seafront Towers
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These Companies Are Worth $1 Trillion

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Tencent Seafront Towers
Yijing Liu/istockphoto

Kings of the Mountain

The idea of a $1 trillion public company was a pipe dream once, but market growth has allowed an exclusive club of trillion-with-a-T members to form. While it still includes just a handful of global companies, there’s reason to think membership will increase. For the sake of comparison, companies on this list of trillion-dollar companies and some up-and-comers are benchmarked by market capitalization — the value of all their outstanding shares of stock — after the last day of trading in 2021. Their value was converted to U.S. dollars where necessary.


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Apple Store in Adelaide
ymgerman/istockphoto

Apple (AAPL)

Market cap: $2.9 trillion

Sector: Technology

Apple was the first company to reach $1 trillion in market capitalization, crossing that line in August 2018. It was also the first to $2 trillion in August 2020. Now the iPhone maker is on the verge of becoming the first to reach the $3 trillion milestone.


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Microsoft
tomhoryn/istockphoto

Microsoft (MSFT)

Market cap: $2.5 trillion

Sector: Technology

Close behind — if you can consider $400 billion to be “close” — is Microsoft, which took over the top spot on this list for a short time in 2021 when Apple slumped on supply chain fears. 


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Bikes at Googleplex - Google Headquarters
SpVVK/istockphoto

Alphabet (GOOGL)

Market Cap: $1.9 trillion

Sector: Communication services

Google’s parent company continues its climb, briefly hitting $2 trillion in early November. Its market cap is about double what it was in January 2020, and it was easily last year’s top-performing Big Tech stock.


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Town for Saudi Aramco Oil Workers in Saudi Arabia
George Steinmetz / Contributor / Getty Images News / Getty Images North America

Saudi Aramco (2222.SR)

Market Cap: $1.9 trillion

Sector: Energy

Publicly traded though primarily state-owned, the Saudi Arabian Oil Co. is the world’s largest oil producer — and the only company in the $1 trillion club based outside the United States. Aramco's valuation is little changed since it went public in 2019.


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Amazon headquarters located in Silicon Valley
Sundry Photography/istockphoto
Tesla showroom in Amsterdam with a red Tesla Model S electric car on display inside
Sjo/istockphoto

Tesla (TSLA)

Market cap: $1.1 trillion

Sector: Tech-focused consumer goods

The electric car manufacturer broke into the $1 trillion club in October — 11 years after the company went public — slid back out about the time founder Elon Musk sold some of his holdings, then rejoined in December.


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Facebook Covers Sign At Menlo Park Headquarters
Justin Sullivan/Staff/Getty Images News/Getty Images North America

Close: Meta Platforms (FB)

Market cap: $935 billion

Sector: Communication services

Like Tesla, Facebook’s parent company crossed the $1 trillion threshold in June, only to slip back under the line as allegations surfaced that the company put profits ahead of users’ mental health. If the company can overcome its recent controversies, it seems likely to rejoin the club at some point.


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Nvidia Headquarters building in Sunnyvale California
NicolasMcComber/istockphoto

Maybe: Nvidia (NVDA)

Market Cap: $732 billion

Sector: Technology

For what it’s worth, CNBC’s Jim Cramer sees the chip-making giant as a $10 trillion stock one day. Of course, that’s from a guy who named one of his dogs after the company. But Cramer’s prognostication follows a November report on Bloomberg suggesting it could be the “first trillion-dollar semiconductor company.”


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Kiewit Plaza, Berkshire Hathaway, Omaha, Nebraska
RiverNorthPhotography/istockphoto

Maybe: Berkshire Hathaway (BRK-A)

Market cap: $669 billion

Sector: Financial services

While Warren Buffett’s fabled company isn’t an especially fast grower, it’s still in an enviable position as one of the world’s largest. So while it might not be next, it seems destined for the club one day.


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Taiwan Semiconductor Manufacturing Company (TSMC) plant in Tainan Science Park, Taiwan
BING-JHEN HONG/istockphoto

Maybe: Taiwan Semiconductor (TSM)

Market cap: $623 billion

Sector: Semiconductors

Global shortages are cutting into our unending appetite for computer chips for growing markets such as 5G networks, home automation, and consumer electronics. By its calculations, The Motley Fool thinks that appetite could put Taiwan Semiconductor in the $1 trillion ballpark by 2025. Emphasis on “could.”


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Tencent Seafront Towers
Yijing Liu/istockphoto

Maybe: Tencent Holdings (TCEHY)

Market cap: $564 billion

Sector: Technology

The Shenzhen-based social media and gaming giant — which runs WeChat — was closing in on the 12-digit club at the beginning of 2021, but government pressure on China’s tech sector cooled the company’s growth. Another change in the country’s political climate could put the company back on track.


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United Health Care Corporate Headquarters Campus
Wolterk/istockphoto

Maybe: UnitedHealth Group (UNH)

Market cap: $472 billion

Sector: Health care

Like Berkshire Hathaway, the parent of the country’s largest private insurer continues its steady march up the list of the biggest companies in the world, following growth trends for an industry analysts expect to see worth $6.2 trillion in 2028, up from $3.8 trillion in 2019. 


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VISA Credit Card Wallet
FinkAvenue/istockphoto

Maybe: Visa (V)

Market cap: $471 billion

Sector: Financial services

Visa is moving toward a market cap of $1 trillion with the continued growth of digital funds and ecommerce. InvestorPlace.com calls its chances of hitting the mark by the end of 2023 “a long shot,” though.


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JP Morgan Chase/HSBC
subman/istockphoto

Maybe: JPMorgan Chase (JPM)

Market cap: $467 billion

Sector: Financial services

If interest rates move higher, InvestorPlace.com says it’s “entirely possible” the bank could reach $1 trillion in market cap by the end of 2023. But a lot of things would have to go right in the next two years.


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Johnson & Johnson Medical Products company in Markham, Ontario
JHVEPhoto/istockphoto

Maybe: Johnson & Johnson (JNJ)

Market cap: $450 billion

Sector: Health care

With an annualized growth of 27% over the past 10 years, J&J would need a big boost to hit $1 trillion in the next few years. InvestorPlace.com speculates it could happen by late 2024 or the first half of 2025.


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