Trillion-dollar tech titans have added additional $2.4T in market cap in past year
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The world's largest publicly traded companies have added trillions of dollars in market cap over the past 12 months, with Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), Alphabet (GOOG) (GOOGL), Amazon (NASDAQ:AMZN), and Nvidia (NASDAQ:NVDA) adding a total of $2.4T since September of 2023.
The five tech titans now represent $9.1T in market cap, an advance of 36% over the past year, according to Accel, a venture capital firm. See the market cap jumps AAPL, MSFT, GOOG, AMZN, and NVDA have made since September 2022 through September 2023:

Apple: Sept. 2022 market cap equaled $2.2T and Sept. 2023 market cap equaled $2.7T.
Microsoft: Sept. 2022 market cap equaled $1.7T and Sept. 2023 market cap equaled $2.3T.
Alphabet: Sept. 2022 market cap equaled $1.3T and Sept. 2023 market cap equaled $1.7T.
Amazon: Sept. 2022 market cap equaled $1.2T and Sept. 2023 market cap equaled $1.3T.
Nvidia: Sept. 2022 market cap equaled $0.3T and Sept. 2023 market cap equaled $1.1T.

See the chart below, put together by Accel:

Looking outside of Wall Streetâs trillion-dollar players, cloud computing tech companies also climbed the market cap ladder since last year. Shares of Oracle (ORCL) and Adobe (ADBE) both increased their market caps by at least 75%, as ORCL went from $165B to $290B and ADBE went from $130B to $230B.
One leg lower and five other cloud computing firms that observed market cap increases of at least 20% included
IBM (IBM), Intuit (INTU), Salesforce (CRM), ServiceNow Inc (NOW), and SAP (SAP) each saw market cap increases of at least 20%. IBM went from $105B to $130B, INTU grew from $110B to $145B, CRM jumped from $145B to $195B, NOW climbed from $75B to $115B, and SAP ascended from $95B to $150B.
See the 2023 price action to all 12 stocks discussed:

Nvidia +222.1%

Adobe +62.1%

Alphabet +55.9%

Salesforce +54.7%

Amazon +51.2%

ServiceNow Inc +43.1%

Apple +42.9%

Microsoft +37.7%

Intuit +37.1%

Oracle +28.7%

SAP +23.6%

IBM -3.1%



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