Apple dethroned Amazon from $1T Club

SFA Official
2022-11-08

The Federal Reserve's aggressive tightening has caused tech stocks to sharply fall in 2022.

(read more down until the end for a free giveaway)

It shook up the membership of the trillion dollar market cap club.

The previous member who were dethroned (including their market cap in US dollar)::

1. Amazon - 0.91 trillion

2. Tesla - 0.675 trillion

3. Meta - 0.236 trillion

The four current members of this exclusive club are (including their market cap in US dollar):

1. Apple - 2.21 trillion

2. Aramco - 1.02 trillion

3. Microsoft - 1.60 trillion

4. Alphabet/Google - 1.08 trillion

For the time being, Apple, Microsoft, and Aramco are all well above the $1 trillion mark.

But Alphabet's trajectory could knock it off the list if things don't change soon.

GOOGLE

Google has stated that the decline in crypto advertising has had a significant impact on revenue, and ad budgets are continuing to be cut as economic uncertainty persists.

APPLE

Despite being down nearly 20%, Apple has fared better than others.

In fact, Apple is now worth more than Amazon, Meta, and Alphabet put together.

META

Meta is the worst performer in S&P500 this year. 

Investors are heavily sceptical of Mark Zuckerberg's bet on the "metaverse" project.

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Top 3 discussed stocks :$Alibaba(BABA)$ $NVIDIA Corp(NVDA)$ $Apple(AAPL)$  

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Comments

  • CharlesW
    2022-11-09
    CharlesW
    Every stock will have its day, its depends on the theme of the day [LOL]
  • sunflower19
    2022-11-09
    sunflower19
    thank you
  • CSNeo
    2022-11-09
    CSNeo

    [开心] [开心] 

  • Jean0031
    2022-11-08
    Jean0031
    Thank you for sharing
  • th0mastan
    2022-11-09
    th0mastan
    Building a sustainble business is a key to stay in the status club
  • BossBoss
    2022-11-09
    BossBoss
    Thanks for sharing
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