You are here: Home » Markets » News
Business Standard

M-cap of top 7 global tech stocks surged 61% last year, shows data

Apple alone commands a market cap of over $2.2 trillion, which is more than GDP of several countries, such as Brazil, Italy, Canada, and Russia

Topics
market capitalisation | M-Cap | Tech firms

Ashley Coutinho  |  Mumbai 

markets, stocks, rally, market rally, stock rise
According to reports, Tesla has become the largest-ever addit­ion to the S&P 500 index, with the fifth heftiest weighting after posting five straight profitable quarters

The of the top seven global tech stocks — Apple, Microsoft, Amazon, Alphabet, Facebook, Tesla, and — have grown 61 per cent in the past year, or by $3.2 trillion, to $8.4 trillion.

alone commands a market cap of over $2.2 trillion, which is more than GDP of several countries, such as Brazil, Italy, Canada, and Russia. According to reports, has become the largest-ever addit­ion to the S&P 500 index, with the fifth heftiest weighting after posting five straight profitable quarters.

chart

Tesla’s share price has risen 729 per cent in the past year, while share prices of and have gained 76 per cent and 71 per cent during this period. The year has been good for India’s tech bellwethers as well. TCS, Infosys, HCL Technolgies, and Wipro have seen their combined market cap rise by 53 per cent or by Rs 7.6 trillion (about $105 billion). Their shares have risen 41-73 per cent.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, January 06 2021. 22:43 IST
RECOMMENDED FOR YOU
.