Call 800 665 0411 to learn about our services for your stock

Search   Follow Investorideas on Twitter   Investorideas is on Facebook   Investorideas is on Youtube   Investorideas is on Pinterest  Investorideas is on stocktwits   Investorideas is on tumblr   Investorideas is on LinkedIn   Investorideas Instagram   Investorideas Telegram   Investorideas Gettr   Investorideas RSS

Share on StockTwits

Global top 25 technology companies gain over $2.4 trillion in Q1 2023 despite challenges, reveals GlobalData


April 26, 2023 ( Newswire) The technology sector continues to be a driving force behind the global economic growth. Despite the ongoing challenges posed by geopolitical issues and interest rate hikes, the global top 25 technology companies* gained more than $2.4 trillion in valuation in the first quarter (Q1) of 2023, reveals GlobalData, a leading data and analytics company.

Ragupathy Jayaraman, Business Fundamentals Analyst at GlobalData, comments: "Megacap tech stocks like Apple, Amazon and Microsoft recovered remarkably from the losses they suffered in 2022 with valuation growing at more than 20% in Q1 2023 compared to Q4 2022. The top 10 gainers Nvidia, Meta, Salesforce, AMD, SAP, Intel, ASML, Amazon, Microsoft and Apple reported more than 20% in their quarter-over-quarter (QoQ) valuation. Specifically, Nvidia, Meta, Salesforce and AMD reported more than 50% gain in market cap in Q1 2023.

Meta, Apple, Amazon, Microsoft and Google (FAAMG stocks) continue to dominate the top 25 global tech stocks' valuation, contributing more than 60% with $7.7 trillion. These stocks posted more than 15% growth in MCap, in which Meta topped the list with 72% QoQ growth in Q1 2023.

Jayaraman explains: "Enhanced focus on metaverse and strong digital advertising efforts had a positive impact on Meta's performance. Apple continued to be the largest tech company in terms of valuation with $2.6 trillion. It gained almost $550 billion in MCap in the first quarter of 2023. Due to supply chain issues and weak demand, the company anticipates a reduction in its shipment targets for the fiscal."

Microsoft crossed the $2 trillion landmark in August 2022 and after a tumble in the next few months, it again crossed in March 2023.

Jayaraman continues: "Despite a minor slump in the middle of Q1 2023, Amazon's stock gained momentum towards the end of the quarter with a $1.06 trillion MCap compared to $856 billion at the end of Q4 2022. With an increased focus on stabilizing profit margins, Amazon is looking towards various cost-cutting initiatives and business diversification."

The semiconductor sector recovered in the first quarter with Nvidia, TSMC, Samsung, Texas Instruments and Intel posting substantial growth. Nvidia outperformed all the other companies in the top 25 global tech stocks with a 91% growth in QoQ valuation.

Jayaraman concludes: "Nvidia experienced significant benefits from the rising excitement surrounding artificial intelligence, particularly in the context of ChatGPT. Additionally, the stability of the data center business and a cyclical upturn in the gaming industry contributed greatly to its success.

*Technology companies include software and hardware developers, IT service providers (including internet-based service providers), and manufacturers of electronics, including semiconductors, mobile devices, etc. Companies generating majority of business from these product/services offerings have been considered under the scope. GlobalData ranks the Top 25 companies based on MCap performance.

For more information

To gain access to our latest press releases: GlobalData Media Centre

Analysts available for comment. Please contact the GlobalData Press Office:

EMEA & Americas: +44 (0)207 832 4399
Asia-Pacific: +91 40 6616 6809

Notes to Editors

  • Quotes provided by Ragupathy Jayaraman, Business Fundamentals Analyst at GlobalData

About GlobalData

4,000 of the world's largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData's unique data, expert analysis and innovative solutions, all in one platform. GlobalData's mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, financial, technology and professional services sectors.

More Info: Newswire

This news is published on the Newswire - a global digital news source for investors and business leaders

Disclaimer/Disclosure: is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: Learn more about publishing your news release and our other news services on the newswire

Global investors must adhere to regulations of each country. Please read privacy policy:

That's all it takes to get an article published on Investor Ideas - Learn More

Tech Stocks - Tech Stocks Directory, Tech Stocks News, Research and Resources

Get more Technology stock investor ideas - news, articles, podcasts and stock directories