For the first time ever, four companies on the U.S. New York stock market have surpassed a market capitalization of $2 trillion.
According to the New York Stock Exchange on the 27th (local time), the top market capitalization companies?Microsoft (MS), Apple, Nvidia, and Google's parent company Alphabet?all recorded market caps exceeding $2 trillion (approximately 2,758 trillion KRW).
MS was the only company to exceed $3 trillion, with a market cap of $3.019 trillion, followed by Apple at $2.614 trillion, Nvidia at $2.193 trillion, and Alphabet at $2.144 trillion. There has never been a time when four companies on the New York stock market had market values exceeding $2 trillion.
At the beginning of this year, only MS and Apple had market caps over $2 trillion, but with the AI boom, Nvidia surpassed $1 trillion in market cap just over eight months ago and exceeded $2 trillion based on closing prices in March. Although it briefly fell below that level afterward, it recovered to $2 trillion again on the 23rd.
Alphabet joined the $2 trillion market cap club on the 26th due to strong earnings and other factors. Alphabet announced first-quarter results that exceeded expectations and declared its first-ever dividend. Its stock price surged 9.97%, marking the largest increase since July 2015. While Alphabet's market cap briefly exceeded $2 trillion intraday in 2021, this is the first time it has done so based on closing prices.
Meanwhile, attention is focused on whether Amazon, the world's largest e-commerce company with a market cap of $1.868 trillion, can also surpass $2 trillion. Amazon is scheduled to announce its first-quarter earnings after the New York market closes on the 30th.
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