Top 10 Largest US Companies
The stock market is a volatile yet exciting place for investors. Investors can get a snapshot of the markets by looking at the largest companies. These ... read more...companies have made a lasting impact on the US economy and are sure to remain relevant in the future. Let's take a closer look at the largest US companies.
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Apple Inc. is a global technology company that designs and manufactures various consumer electronics, including the iPhone, iPad, Mac computers, and Apple Watch. Founded in 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne, Apple has grown to become one of the most recognizable and successful brands in the world. Apple's products are known for their innovative design, high-quality construction, and intuitive user experience.
Apple is constantly innovating and developing new products and services. In recent years, Apple has released the Apple Music streaming service, the Apple TV streaming device, and the Apple Arcade gaming platform. Apple also has a range of popular apps and services, including the App Store, iTunes, iCloud, and Apple Pay.
Apple is dedicated to protecting the environment. The company is committed to reducing its environmental impact and has taken steps to increase its use of renewable energy, conserve resources, and reduce its carbon footprint. Apple also works with suppliers to ensure its products are manufactured responsibly and ethically.Founded: 1976
Headquarters: Cupertino, California
Website: https://www.apple.com/
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Microsoft Corporation, based in Redmond, Washington, was founded in 1975 by Bill Gates and Paul Allen. It is one of the world's largest and most influential technology companies, primarily engaged in developing, licensing, and supporting software, hardware, and associated services. Recently, Microsoft has invested heavily in artificial intelligence (AI). This includes the virtual assistant Cortana, which uses natural language processing and machine learning, and AI-driven productivity tools such as PowerPoint Designer and Excel Insights.
Microsoft provides various AI services for developers, including the Azure Machine Learning platform, which offers a suite of tools for building, training, and deploying machine learning models, and the Microsoft Bot Framework, which enables developers to create intelligent chatbots to communicate with users via natural language. In 2019, Microsoft invested $1 billion in OpenAI, making Microsoft Azure the exclusive cloud provider of OpenAI. In January 2023, it announced a multi-year, multi-billion-dollar investment in OpenAI.
Analysts have speculated that Microsoft is attempting to revamp its Bing search engine with the OpenAI and its Prometheus model. Although Bank of America's Brad Sills believes Microsoft Bing is not likely to make a dent in Google's search market share, Microsoft is leading the charge in AI-enabled enterprise use cases. Bank of America has given MSFT stock a "buy" rating and a $300 price target.Founded: 1975
Headquarters: Redmond, Washington
Website: https://microsoft.com
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Alphabet Inc., the parent company of Google and YouTube, is a multinational conglomerate based in Mountain View, California. It has been active since 2015 and has several subsidiaries like Google, Waymo, and DeepMind. It focuses on AI and automation for various tasks, from ad pricing to content promotion to Gmail spam filters.
Google, the largest of Alphabet's subsidiaries, has made significant contributions to the field of artificial intelligence (AI), developing products such as Google Assistant and Google Translate that use natural language processing and machine learning. Waymo, another Alphabet subsidiary, is also a leader in autonomous vehicle technology, with its self-driving car technology relying on AI to analyze and respond to real-world driving conditions.
Alphabet has invested heavily in AI technology in recent years, and its DeepMind Technologies subsidiary is dedicated to developing AI solutions for a range of applications, such as healthcare, robotics, and gaming. According to analysts, investors can expect to see more AI-driven products from Alphabet in the near future, as Google has the data resources to make it happen.Founded: 2015
Headquarters: Mountain View, California
Website: https://abc.xyz
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Amazon.com, Inc. is a significant US-based technology business specializing in e-commerce, online advertising, cloud computing, digital streaming, and artificial intelligence. It is one of the world's most esteemed companies and part of the Big Five American IT firms. Established in 1994 by Jeff Bezos, Amazon began as an online bookstore but is today known as The Everything Store due to its vast selection of product categories. It has many subsidiaries, including Amazon Web Services, Kuiper Systems, Amazon Lab126, Zoox, Ring, Twitch, IMDb, and Whole Foods Market.
Amazon is well-known for changing established industries through innovation and reinvestment of profits. It is the world's biggest online retailer, cloud computing provider, smart speaker supplier, and live-streaming service, and it has over 200 million Amazon Prime members globally. Along with retail, Amazon distributes downloadable and streaming content, publishes books, produces film and television content, and sells consumer electronics. However, the company has been criticized for its customer data collection practices, work culture, tax avoidance, and anti-competitive behavior.
Amazon has a market capitalization of $1.074 trillion as of April 2023, putting it in fifth place in the list of the world's most valuable companies by market capitalization. With its impressive selection of products and services, Amazon continues revolutionizing the retail industry and providing customers with innovative solutions and outstanding customer service.Founded: 1994
Headquarters: Seattle, Washington, and Arlington, Virginia
Website: https://amazon.com
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Berkshire Hathaway Inc. is a renowned American multinational conglomerate holding firm headquartered in Omaha, Nebraska. Insurance is its main source of revenue, and the company utilizes the float (retained premiums) to invest in various subsidiaries, equity holdings, and securities. Warren Buffett and Charlie Munger, who have been leading the company since 1965 and 1978, respectively, are the brains behind the success of the company's value investing ideas. Their leadership has enabled the company to grow its book value by an average of 20%, compared to the S&P 500 index's 10% growth when dividends were taken into account while utilizing significant capital and very little debt.
GEICO, a car insurer, and General Re, a reinsurance firm, are some of the company's well-known insurance brands. Other non-insurance businesses in the company's portfolio include confectionery, retail, railroads, home furnishings, machinery, jewelry, apparel, electrical power, and natural gas delivery. Furthermore, Berkshire Hathaway has partial ownership in several big firms such as Pilot Flying J (80%), Kraft Heinz Company (26.7%), American Express (18.8%), Bank of America (11.9%), The Coca-Cola Company (9.32%), and Apple (5.57%).
Berkshire Hathaway is ranked seventh in the S&P 500 index and first in the Forbes Global 2000, which considers market value and fundamentals. Additionally, the company is one of the country's largest privately held American businesses. Since Buffett chose not to split the stock, the class A shares of Berkshire Hathaway have the highest per-share price of any public company in the world, reaching $500,000 in March 2022.Founded:
- As a textile manufacturing company in 1839; 184 years ago
- As a holding company in 1970; 53 years ago
Headquarters: Omaha, Nebraska
Website: https://berkshirehathaway.com
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NVIDIA is an American tech giant dedicated to creating and manufacturing cutting-edge graphics processing units and related technologies. In recent years, the company has expanded to include artificial intelligence and machine learning, making it a significant player in AI. NVIDIA's GPUs are highly sought after for powering many of the world's most advanced machine learning systems. Their GPU-accelerated platform, NVIDIA CUDA, provides developers with robust tools for constructing and training deep neural networks.
Not only does NVIDIA offer hardware solutions, but they also have a wide range of AI software solutions. These include NVIDIA TensorRT, an inference optimizer, and DIGITS, a deep learning training system. Furthermore, the company provides AI-related services such as consulting and support to ensure organizations get the most out of their AI investments.
NVIDIA, a leading chipmaker, can provide the powerful processing needed to run complex AI applications. According to analyst Vivek Arya, the company's market presence gives them a decisive advantage in the semiconductor AI arms race. Furthermore, Arya believes that generative AI could help Nvidia achieve $14 per share and generate more than $80 billion in revenue by 2027.Founded: 1993
Headquarters: Santa Clara, California
Website: https://nvidia.com
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Tesla, Inc., a US-based multinational corporation, is a leader in the electric vehicle and clean energy markets, boasting a market capitalization of over $1 trillion as of October 2021. Founded in 2003 by Martin Eberhard and Marc Tarpenning, the company has made significant strides in producing electric cars, battery energy storage systems, solar panels, and other related goods and services. Elon Musk became the largest shareholder in February 2004 and has been CEO since 2008. The company's Model 3 car had sold over 1 million units by June 2021, making it the world's best-selling plug-in electric car. Tesla's 2022 full-year deliveries reached 1.31 million vehicles, and cumulative sales totaled 3 million cars in August 2022.
Despite its successes, Tesla has faced some challenges, including lawsuits, government scrutiny, and criticism from journalists. Allegations of whistleblower retaliation, worker rights violations, and product defects have also been raised. Nevertheless, Tesla remains integral to the clean energy and electric vehicle markets.
Tesla, Inc. has revolutionized the automotive industry, producing electric vehicles, battery energy storage systems, and solar panels. The company has achieved significant success, with its Model 3 car being the all-time bestselling plug-in electric car worldwide and a market capitalization of over $1 trillion. Despite the challenges that Tesla has faced, the company remains an important contributor to the clean energy and electric vehicle markets.Founded: 2003
Headquarters: Austin, Texas
Website: https://tesla.com
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Meta Platforms, Inc., formerly known as Facebook, Inc. and TheFacebook, Inc., is an American multinational technology conglomerate in Menlo Park, California. It is one of the world’s most valuable businesses and is among the top ten biggest publicly traded American companies. Meta, along with Alphabet (Google), Amazon, Apple, and Microsoft, is one of the Big Five American technology firms.
Meta’s products include Facebook, Instagram, WhatsApp, Messenger, and Meta Quest. The business has also invested in Jio Platforms, Oculus, Mapillary, CTRL-Labs, Kustomer, and Oculus. Advertising accounted for 97.5% of their revenue in 2021. On October 28, 2021, the company changed its name from Facebook, Inc. to Meta Platforms, Inc. to reflect its focus on the metaverse, an integrated environment connecting all its goods and services.
In 2020, Facebook ranked 34th on the Fortune 500 list of the largest American corporations, with nearly $86 billion revenue, mainly from advertising. A 2017 analysis showed that the company generated US$20.21 per user from advertising. Recently, Meta has suffered a $500 billion loss since rebranding due to the new privacy measures implemented by Apple and Google, preventing them from gathering user data.Founded: 2004
Headquarters: Menlo Park, California
Website: https://meta.com
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Johnson & Johnson, founded in 1886, is one of the largest companies in the United States and is a component of the Dow Jones Industrial Average. The company has a prime credit rating of AAA, which is higher than the US government. It has global headquarters in New Brunswick, New Jersey, and its consumer business is based in Skillman, New Jersey. Johnson & Johnson has over 250 subsidiary companies operating in 60 countries and selling products in over 175 countries, generating $93.8 billion in revenue in 2021.
The company produces a variety of familiar products, including Band-Aid Brand bandages, Tylenol, Johnson's Baby products, Neutrogena skin care, Clean & Clear facial wash, and Acuvue contact lenses. Janssen Pharmaceuticals is its pharmaceutical division. Johnson & Johnson's operations are divided into three main business areas: pharmaceuticals, medical technology, and consumer health, contributing 55%, 28%, and 17% of their total 2020 revenues, respectively. In November 2021, the company announced a split into two separate publicly traded companies, one focused on consumer goods and the other on pharmaceuticals and medical technologies.
Johnson & Johnson has set ambitious goals to be more environmentally friendly and ranked third among the largest companies in the United States in Newsweek's "Green Rankings." To achieve this, the company has made changes such as reducing water, waste, and energy usage, as well as improving transparency. Additionally, the company has switched to non-polyvinyl chloride containers for liquids and is collaborating with the Climate Northwest Initiative and the Environmental Protection Agency's National Environmental Performance Track initiative. Johnson & Johnson is also part of the National Green Power Partnership and runs the largest solar power generator in Pennsylvania at its Fort Washington, Pennsylvania facility.Founded: 1886
Headquarters: New Brunswick, New Jersy
Website: https://www.jnj.com
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UnitedHealth Group is a leading healthcare and well-being company with 340,000 employees across two distinct businesses. Their mission is to help people live healthier lives and modernize the healthcare system for everyone. Through improved access, affordability, outcomes, and experiences, they provide a comprehensive range of health benefits and collaborate with governments, employers, partners, and providers to care for 147 million people. As a Dow Jones company, they are a critical player in the healthcare and global economy, making them a dependable investment.
UnitedHealth Group aims to make a positive impact on the healthcare system and people's lives. They provide health benefits, simplified healthcare delivery, and access to high-quality care. Their position as a Dow Jones company and their role in healthcare make them an essential player in the global economy. Investors rely on them due to their steady growth and profitability.
UnitedHealth Group is a trusted healthcare provider and a dependable investment for investors. They have 340,000 employees working across two businesses, providing health benefits and access to high-quality care. As a Dow Jones company, they are essential to the global economy. With their mission to help people live healthier lives and modernize the healthcare system, they are positively impacting the healthcare industry.Founded: 1977
Headquarters: Minnetonka, Minnesota
Website: https://unitedhealthgroup.com