The great upheaval in the stock markets has shaken up the hierarchy of the most highly rated companies: the unshakeable Saudi Aramco has finally ceded its throne to two GAFAM behemoths, Alphabet (Google) and Amazon. After this waltz of values, the top 5 in the world is now monopolized by the Americans.
America rules the world's stock market kingdom
Nvidia (NVDA), at the center of all attention since the start of the year, can breathe for a moment: he has not yet won the race to the top. But the road to the podium is no longer very long for this tech giant.
In the great circus of the world stock market, the table of giants comes alive with fluctuations. The invincible Saudi Aramcolong holder of the podium, sees its glory damaged by the meteoric rise of Alphabet and Amazonaccording to the latest spotlight from Companiesmarketcap.com. During this time, Microsoft, Apple and Nvidia play the conductorscomfortably camping on the podium.
In the land of the dollar, the elite of the ten largest stock market capitalizations in the world offer themselves an exclusively American casting session, with some exceptions. Among the intruders in the top 10, we find the Saudi oil giant Saudi Aramco and the Taiwanese TSMC, a distinguished forge in the semiconductor industry.
From now on, it is an American-style private club in the top 5, as several observers note. Saoudi Aramco, once a proud occupant of third place, is tumbling in the rankings, now relegated to sixth position, with $1,955 billion in capitalization at the start of this Friday afternoon.
The New Titan War
While the oil king Saudi Aramco struggles to profit from the recent surge in oil pricesdisplaying a decline of 4.6% over one month, Alphabet, for its part, regains its splendor with an increase of 13% over the same period. Amazon, for its part, is soaring with growth of 8% in one month and 24.4% over the whole of 2024.
Investors, smelling the wind of change, reinvest massively in Alphabetbanking on its growing expertise ingenerative artificial intelligence. A confidence that is reflected in its recent performances and its promising initiatives in the field of cloud computing.
Meanwhile, Amazon is also carving out a strong position in the AI race. With impressive results for the year 2023 and a rise in the power of its “Cloud” division, Amazon Web Services, the online commerce giant is exploring new frontiers in the field of generative artificial intelligence.
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