InvestorQ : why are the world’s higher market cap companies all technology companies? I mean like Amazon, Apple, Microsoft etc?
Riya Dwivedi made post

why are the world’s higher market cap companies all technology companies? I mean like Amazon, Apple, Microsoft etc?

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shrinidhi Rajan answered.
1 month ago
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You are right that there are a lot of tech/digital stocks, but the shift started almost around 2005. Till 2005, GE was almost among the most valuable companies, today it does not feature in the top 100 after the fiasco of GE Capital during the global financial crisis of 2008 and 2009. Today if you look at the 20 most valuable companies by market cap, they would be somehow related to leveraging of technology.

In the top value list, you find software and media outfits like Microsoft, Facebook, Google and Tencent. You also find digital enablers like Amazon, Alibaba and Apple. Then there are semiconductor specialists like TSMC, Nvidia and Samsung. Finally, you have the very popular payment gateways that have taken over from banks and I am talking of names like Visa, PayPal, Mastercard which have also made banking into a commodity.

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