The Shrinking Trillion Dollar Market Cap Club


This post is by Nick Routley from Visual Capitalist


Infographic showing the shrinking trillion dollar market cap club

The Shrinking Trillion Dollar Club

Aggressive tightening from the Federal Reserve has caused tech stocks to plummet back to Earth in 2022, and this has shaken up the membership of the trillion dollar market cap club.

Here are the four current members of this exclusive club:

CompanySectorDate Market Cap Hit $1TMarket Cap (Nov 3, 2022)
Apple (AAPL)TechAug 2, 2018$2.21 trillion
Aramco (2222)EnergyDec 11, 2019$2.01 trillion
Microsoft (MSFT)TechApr 25, 2019$1.60 trillion
Alphabet (GOOGL)TechJan 16, 2020$1.08 trillion

Apple, Microsoft, and Aramco are all still well above the $1 trillion mark for now, but Alphabet’s trajectory could take it out of this list if circumstances don’t change soon. Google has indicated that the decrease in crypto advertising has had a big impact on revenue, and ad budgets continue to be slashed as economic uncertainty continues.

Here are the three former members who have seen their market cap dip back below $1 trillion:

CompanySectorDate Market Cap Hit $1TMarket Cap (Nov 3, 2022)
Amazon (AMZN)Tech/RetailSep 4, 2018$911 billion
Tesla (TSLA)AutomotiveOct 25, 2021$675 billion
Meta (META)TechJun 28, 2021$236 billion

Amazon recently became the latest company to fall below the 10-digit threshold. In response to a poorly received earnings report and forecasts for lighter spending this upcoming holiday season, the ecommerce giant has paused corporate hiring for the foreseeable future.

Though Tesla’s valuation has dipped in recent months, Elon (Read more...)