Tech giants – Apple, Google, Microsoft, Amazon and Facebook are collectively worth $2.2 trillion. These five companies have ruled the stock markets with their impressive performances over the past few years. Most of these companies are hardly over a decade old in the business and they have become the five most important companies for business firms around the world. With so much depending on these five companies, the market valuations of these companies are outstanding.
With Apple, Alphabet and Microsoft being the three most valuable companies in the United States; and Facebook and Amazon not so far behind, companies like GE may find themselves being overrun in the stock market.
Facebook will be reporting its earnings on November 4 and if the results are as good as those of its counterparts then it is likely to see a rise in the stock prices. Amazon and Facebook are worth a little less than $300 billion and with the two companies having momentum at this time, they may surpass Exxon Mobil and Warren Buffet’s Berkshire Hathaway.
Investors have found success with the fab five of the tech world, but it is worth speculation that markets and economies have a tendency to change; and a sudden rise may lead to a sudden downfall as well. Those who have faced the 2000 crisis in the markets may find themselves being more vary with their investments.
With five tech companies being at the top of the stock market it is reflective of the standing of the nation’s economy where Microsoft was the only tech company which was valued among the top ten companies a decade ago.
Source- CNN Philippines