Tech companies added $ 3.4 trillion in 2020

Tech companies added $ 3.4 trillion in 2020

Concluded Technology companies The Seven Most Valuable In The United States – Apple, Microsoft, Amazon, Alphabet, Facebook, Tesla, Nvidia – Huge year by adding them $ 3.4 trillion of market value in 2020, in light of the global spread of the pandemic and the wider economic crisis.

Between the continuing optimism about iPhone sales, the growing collaborative product from Microsoft Teams, the continued control of Amazon over e-commerce, and the monopoly power of Facebook and Google for online advertising, technology companies have not slowed their growth due to the Corona virus nor the growing number of investigations into their dominance.

Tesla was the biggest surprise Its stock has risen nearly nine times this year, raising the electric vehicle maker’s market value from $ 76 billion at the start of the year to $ 669 billion.

Despite the closure of factories due to the epidemic, Tesla was able to deliver a record number of vehicles in the third quarter, and in December 2020 it became the biggest addition. Absolutely for the S&P 500.

Meanwhile, the value of the chip maker, Nvidia, more than doubled in 2020, with a market value of $ 323 billion, making it the seventh technology company by value.

NVIDIA graphics processors for game consoles were selling so fast that the company had trouble keeping up.

Nvidia’s chips are also gaining traction due to data centers, where improved workloads require higher speeds, and the company in September agreed to buy a portable chip maker Arm from Softbank for $ 40 billion.

The largest increase in the market value was attributed to Apple, whose market value exceeded a trillion dollars, thanks to the increase in its share by 81 percent.

Amazon, which has benefited from the growth in consumer business and cloud computing, increased by $ 710 billion.

Microsoft raised $ 480 billion, Alphabet raised $ 268 billion, and Facebook $ 193 billion.

The gains are clearly reflected in the ranks of the wealthy, as (Jeff Bezos) from Amazon is the richest person in the world, followed by (Elon Musk) from Tesla, and (Bill Gates) from Microsoft, while (Mark Zuckerberg) from Facebook is ranked fifth.

Also among the top ten are Google founders (Larry Page) and (Sergey Brin) and former Microsoft CEO (Steve Ballmer).

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