Several of the largest technology companies made headlines in 2021 for hitting significant market capitalization milestones.
Microsoft Corp MSFT hit a $2-trillion market cap in 2021 and Meta Platforms FB hit $1 trillion in market cap for the first time in 2021. The year 2022 started off with a bang in valuation milestones and could see more companies join the $1-trillion club.
What Happened: The biggest milestone came shortly into 2022 with Apple Inc AAPL hitting a $3-trillion market capitalization, making it the first public company to accomplish the feat.
According to Assetdash.com, there are currently six companies with market capitalizations of $1 trillion or more. The companies on the list are Apple, Microsoft, Saudi Aramco, Alphabet Inc GOOG GOOGL, Amazon.com Inc AMZN and Tesla Inc TSLA.
Benzinga asked its Twitter Inc TWTR followers which company could be next to join the $1-trillion club.
The poll offered up the four companies that trade closest to the $1-trillion market capitalization, leaving off Meta Platforms, which already hit the milestone in 2021 before falling down the list.
“Which of these companies valued at less than $900 billion could hit a $1-trillion market cap first?” Benzinga asked on Twitter in the latest in our Twitter Poll series.
- NVIDIA Corp NVDA: $730-billion market cap.
- Taiwan Semiconductor Manufacturing TSM: $692-billion market cap.
- Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B): $690-billion market cap.
- Tencent Holdings TCEHY: $559-billion market cap.
Related Link: Why NVIDIA Is Needham's Top AI/ML Stock Pick For 2022
The Results: The poll resulted with an overwhelming winner. While many Benzinga polls on Twitter have seen more balanced results, last week’s questions saw 84.5% of voters select NVIDA as the most likely of the four to hit a $1-trillion market cap next. Here are the results:
- NVDA: 84.5%
- TSM: 7.8%
- BRKA: 5.3%
- TCEHY: 2.5%
It’s worth noting the results rank the companies in percentage of votes, which were in line with the market capitalizations of the companies at the time.
Since the poll was published, Berkshire Hathaway has passed Nvidia with a market capitalization of $717 billion versus $680 billion.
NVIDIA shares were up 124% in 2021, and the stock is a popular pick to be a top gainer in 2022.
Taiwan Semiconductor shares were up 7.9% in 2021.
Berkshire Hathaway, which features legendary investor Warren Buffett as the CEO, was up 29.6% in 2021. The stock holds a significant portion of its investing portfolio in shares of Apple, which could make the stock trade closely in line with the tech giant.
Tencent, which finished last in voting, was down 26.7% in 2021 and is tied heavily to the Chinese market, which has fallen out of favor with many investors.
Follow Benzinga on Twitter for more Twitter Polls.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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