Microsoft $MSFT has joined Apple $AAPL as the 2nd individual company that has a bigger market cap than the combined market cap of all stocks in the small-cap Russell 2,000:
Source: Bespoke
Getting cheaper...
Global stocks have lost another $1.5tn in mkt cap this week on still-elevated US 10y yields and on not good enough earnings results. All stocks now worth $98.2tn, less than global GDP. This means that the Buffett Indicator is once again below the critical level of 100. Source: HolgerZ, Bloomberg
Have you ever played Microsoft's games?
Microsoft is the world's largest gaming company, with an astonishing market capitalization of $2,441 billion. Some of Microsoft's popular games include Call of Duty and World of Warcraft. Genuine Impact
The equal-weighted S&P just went red YTD...
Source: Bloomberg, www.zerohedge.com
Top five stocks by market cap are c.50% of Nasdaq-100 Index market cap
Source: SG
Comparing the market capitalization of Big Tech stocks to the GDP of nations, Apple and Microsoft emerge as giants. They would rank 8th and 9th respectively if they were countries
$AAPL $MSFT $GOOGL $AMZN $NVDA $TSLA $META Source: Beth Kindig
Can it last?
$TSLA 👇Albert Bridge Capital thru Michel A. Arouet
The largest automakers in the world by market cap
As highlighted by Oktay Kavrak, CFA, the largest US firm is only number 10. There is also an interesting (still relatively unknown) newcomer: VINFAST, a car brand from Vietnam. The stock is up nearly 700% since going public on the Nasdaq and - at least briefly - became the 3rd biggest automaker in the world and at one point was worth more than Boeing, Disney and Goldman Sachs. What is also notable is that VINFAST is not profitable yet. Moreover, the number of cars is still pretty low: 24,000 in 2022 (vs. millions for the more traditional automakers or Tesla). Source Chart: Leverage Shares
