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Seven bigtech companies in 2021 grew in price by $ 3.4 trillion
Seven of America’s largest tech companies have significantly increased their capitalization levels in 2021, despite the coronavirus pandemic and economic crisis, according to online sources. Thus, the total capitalization of Apple, Microsoft, Amazon, Alphabet, Facebook, Tesla and Nvidia as of the end of the past year grew by $ 3.4 trillion., exceeding $ 8.5 trillion.
The source notes that the growth of the largest American companies in the technology sector could not slow down the difficult economic situation caused by the coronavirus pandemic, as well as new antitrust investigations that were launched against Google and Facebook last year.
One of the main surprises was the rapid growth in capitalization of Tesla, the American manufacturer of electric vehicles. Last year, the value of Elon Musk’s shares increased almost ninefold, and the level of market capitalization rose from $ 76 billion at the beginning of the year to $ 669 billion by December 31. Despite the fact that Tesla had to stop production in the first half of the year due to the coronavirus pandemic, the automaker later managed to catch up and even delivered a record number of electric vehicles to the market in the third quarter.
There is also more than a twofold increase in the capitalization of Nvidia, which develops and manufactures video cards. At the end of 2021, Nvidia was valued at $ 323 billion, making it the seventh largest in the tech sector and sixteenth among all US companies listed on the exchange.
The largest growth in capitalization in 2021 was shown by Apple, whose shares rose by 81%, and the level of capitalization – by almost $ 1 trillion. As for the other major players in the tech sector, the market value of Amazon rose by $ 710 billion, Microsoft – by $ 480 billion, Alphabet – by $ 268 billion, Facebook – by $ 193 billion.
The success of tech giants is also reflected in the list of the richest people in the world. Amazon CEO Jeff Bezos is at # 1, followed by Tesla CEO Elon Musk and Microsoft co-founder Bill Gates. Facebook CEO Mark Zuckerberg ranked fifth. The world’s top 10 richest people include Google founders Larry Page and Sergey Brin, and former Microsoft CEO Steve Ballmer.