Leading U.S. Companies by Market Capitalization in 2024

In 2024, the largest U.S. companies have an outsized impact on the nation's economy, driving job creation, innovation, and sustainability. These leading companies lead a variety of industries, from retail and technology to automotive and pharmaceuticals, and they also have a significant impact on local communities and economic resilience.

Top 10 Largest U.S. Companies

NVIDIA

NVIDIA, valued at Rs. 301.309 trillion, is known for advanced semiconductors, GPUs, and AI technology. 93% of NVIDIA's revenue in the July 2024 quarter came from international sources, with China contributing around 12% of the company's total revenue. With a focus on energy-efficient data centres, NVIDIA is dedicated to using only renewable energy by 2025.

Apple

Apple leads the ranking with a market cap of Rs. 283.997 trillion. Apple, which is well-known for its consumer electronics and software, has had a global impact. Of its revenue, 44% comes from the Americas, while about 26% comes from Europe. Interestingly, as of 2024, Apple had 2.2 billion active smartphones worldwide. While the services division brought in $23.87 billion, iPhone sales alone accounted for 50.46% of Apple's Q2 revenue. This services segment, which includes Apple Music (with 93 million subscribers), shows the company's push toward revenue diversification.

Microsoft

With a market valuation of Rs. 256.631 trillion, Microsoft made over $245 billion in FY2024, mostly from its server/cloud products ($97 billion) and Office products and cloud services ($55 billion). Microsoft's dedication to environmental responsibility can be seen by its goal to become carbon-negative and achieve zero waste by 2030.

Amazon

Amazon, valued at Rs. 183.692 trillion, excels in e-commerce and cloud computing through AWS. 22% of the overall revenue comes from outside the United States, while 60% comes from North America. Amazon has over 310 million active users, with 80% in the U.S. Notably, there are 161.7 million Amazon Prime users in the U.S. alone. Amazon is targeting net-zero carbon by 2040 and 100% renewable energy by 2025.

Alphabet (Google)

With a market valuation of Rs. 183.118 trillion, Alphabet (Google) is a major player in advertising and internet services. The United States accounted for 47% of Alphabet's income in 2024, while Europe, the Middle East, and Africa contributed 30%. Google recorded 83.26 billion visits in September 2024, including 3.209 billion unique visitors. Alphabet has been running entirely on renewable energy since 2017 and is still committed to lowering emissions.

Meta Platforms (Facebook)

Meta Platforms (Facebook) holds a market cap of Rs. 120.431 trillion and reaches 3.27 billion daily users across its platforms. In 2022, 23.3% of Meta's revenue came from outside the U.S. Meta's ESG focus includes reaching net-zero emissions by 2030, with an emphasis on sustainable data centres.

Berkshire Hathaway

Berkshire Hathaway, valued at Rs. 81.948 trillion, has a diverse portfolio in insurance and investments. Consistent with industry-wide sustainability norms, the company is progressively integrating ESG concepts into its subsidiaries.

Tesla

Tesla, with a market cap of Rs. 67.226 trillion, leads in electric vehicles and energy storage. In 2024, Tesla's U.S. revenue amounted to approximately 46.7% of its total revenue, while China contributed $21.75 billion. Tesla sold over 1.1 million electric cars in the first eight months of 2024, ranking second globally.

Broadcom

Broadcom, valued at Rs. 66.36 trillion, specializes in semiconductors and software. Broadcom's revenue outside the U.S. is significant, with 57.3% from Asia Pacific and 14.9% from Europe, the Middle East, and Africa. Broadcom's environmental policy includes a commitment to waste reduction and energy efficiency.

Eli Lilly

The market value of Eli Lilly is Rs. 65.391 trillion. In keeping with its commitment to social and environmental governance, the pharmaceutical giant has concentrated on lowering greenhouse gas emissions through sustainable production methods.

Research & Development

These businesses continue to prioritize investing in innovation. Compared to 2023, Apple's research and development (R&D) expenditures increased by 4.86% to $31.37 billion in 2024. NVIDIA and Broadcom also showed substantial year-over-year R&D growth, with NVIDIA spending $8.675 billion in 2024 (an 18.2% increase) and Broadcom increasing its R&D budget by 73.27%, reaching $8.464 billion. Microsoft, Alphabet, Amazon, and Meta have also heavily invested in R&D, further strengthening their market positions through technological advancements.

These companies create substantial economic growth in addition to dominating market capitalization. Their global reach and commitment to innovation make them integral to both the U.S. economy and the broader global market, shaping the future of industries worldwide.