Nvidia (NASDAQ:NVDA) is the largest company in the technology sector and overall, narrowly ahead of Microsoft (NASDAQ:MSFT). Long-time leader Apple (NASDAQ:AAPL) is now in third place. The biggest tech companies by market cap are spread across a range of industries, including consumer electronics, semiconductor manufacturing, cloud computing, and e-commerce.
Largest by market cap
Largest companies by market cap in the technology sector
| Name and ticker | Market cap | Current price | Industry |
|---|---|---|---|
| Nvidia (NASDAQ:NVDA) | $3.9 trillion | $159.26 | Semiconductors and Semiconductor Equipment |
| Microsoft (NASDAQ:MSFT) | $3.7 trillion | $498.87 | Software |
| Apple (NASDAQ:AAPL) | $3.2 trillion | $213.57 | Technology Hardware, Storage and Peripherals |
| Broadcom (NASDAQ:AVGO) | $1.3 trillion | $275.03 | Semiconductors and Semiconductor Equipment |
| Taiwan Semiconductor Manufacturing (NYSE:TSM) | $1.2 trillion | $235.35 | Semiconductors and Semiconductor Equipment |
| Oracle (NYSE:ORCL) | $667 billion | $237.30 | Software |
| SAP (NYSE:SAP) | $354 billion | $303.28 | Software |
| Palantir Technologies (NASDAQ:PLTR) | $317 billion | $134.26 | Software |
| ASML (NASDAQ:ASML) | $312 billion | $793.72 | Semiconductors and Semiconductor Equipment |
| Cisco Systems (NASDAQ:CSCO) | $275 billion | $69.33 | Communications Equipment |
Companies 1-3
1. Nvidia
- Market cap: $3.45 trillion (as of June 4)
- Revenue (TTM): $148.5 billion
- Gross profit (TTM): $104.1 billion
- Five-year annualized return: 74.46%
- Year founded: 1993
Nvidia is a leader in the design and development of graphics processing units (GPUs). Its GPUs first gained popularity for use in video gaming and computers, and then as a way to mine cryptocurrency.
In recent years, Nvidia GPUs have been instrumental in training artificial intelligence (AI) models, driving up demand (and Nvidia's share price). Its market cap increased by more than $2 trillion in 2024, and it has been trading the top spot with Microsoft and Apple since then.
2. Microsoft
- Market cap: $3.44 trillion (as of June 4)
- Revenue (TTM): $270.0 billion
- Gross profit (TTM): $186.5 billion
- Five-year annualized return: 21.44%
- Year founded: 1975
Microsoft is the largest software company, and it's most well-known for the Windows operating system, which is used by more than 70% of the world's desktop computers. In addition, it offers a wide range of products, including Microsoft Office software, Azure cloud computing, and Xbox video game systems.
Like most major tech companies, Microsoft has invested heavily in AI. In 2019, it started investing in OpenAI, the developer of ChatGPT, and has since developed Microsoft Copilot, an AI-powered digital assistant. Microsoft plans to invest $80 billion to build AI-enabled data centers.
3. Apple
- Market cap: $3.04 trillion (as of June 4)
- Revenue (TTM): $400.4 billion
- Gross profit (TTM): $186.7 billion
- Five-year annualized return: 21.01%
- Year founded: 1976
Apple is a consumer electronics company with a long list of popular products, including the iPhone, MacBook, iPad, Apple Watch, and AirPods. It became the world's biggest company on Aug. 9, 2011, and has mostly remained at the top since then. However, it hasn't all been smooth sailing for Apple in recent years.
The Apple Vision Pro, a mixed-reality headset, posted disappointing sales numbers. The release of Apple Intelligence, an AI technology, has gotten mixed reviews. Apple is also embroiled in an antitrust lawsuit with the U.S. Department of Justice, and President Trump has threatened to impose tariffs of at least 25% if Apple doesn't start manufacturing iPhones in the U.S.
Companies 4-6
4. Broadcom
- Market cap: $1.21 trillion (as of June 4)
- Revenue (TTM): $54.5 billion
- Gross profit (TTM): $34.5 billion
- Five-year annualized return: 56.70%
- Year founded: 1961 (HP Associates), 2005 (Avago Technologies), 2016 (Broadcom Limited)
Broadcom began as the semiconductor division of HP (NYSE:HPQ), but after a spinoff, multiple large acquisitions, and the AI boom, it's now one of the top tech companies. In addition to semiconductors, it offers infrastructure software solutions.
Broadcom announced plans to purchase cloud computing and virtualization software company VMware in 2022. It completed the transaction in November 2023, enhancing its software business.
5. Taiwan Semiconductor Manufacturing
- Market cap: $1.02 trillion (as of June 4)
- Revenue (TTM): $103.3 billion*
- Gross profit (TTM): $60.0 billion*
- Five-year annualized return: 31.86%
- Year founded: 1987
*Converted from New Taiwan dollars.
Taiwan Semiconductor Manufacturing is a global leader in the research, design, and manufacture of semiconductors. It produces chips for many of the major tech companies, including Apple, its biggest customer.
This semiconductor company is heavily expanding its operations in 2025. In March, it announced plans to invest $100 billion to build multiple U.S. facilities. It also opened a plant in Kaohsiung, Taiwan.
6. Oracle
- Market cap: $474.31 billion (as of June 4)
- Revenue (TTM): $55.8 billion
- Gross profit (TTM): $38.9 billion
- Five-year annualized return: 28.08%
- Year founded: 1977
Oracle is a database software and cloud computing company. It has a substantial enterprise customer base, with approximately 430,000 customers in 175 countries. Recently, Oracle has prioritized AI integration, adding a partnership with Nvidia.
Along with OpenAI and SoftBank (OTC:SFTB.Y), Oracle is a technology partner in the Stargate Project. The venture is expected to invest $500 billion into building AI infrastructure over the next four years.
Companies 7-10
7. SAP
- Market cap: $357.43 billion (as of June 4)
- Revenue (TTM): $39.9 billion*
- Gross profit (TTM): $29.4 billion*
- Five-year annualized return: 19.91%
- Year founded: 1972
*Converted from euros.
German company SAP is the world's largest provider of enterprise resource planning (ERP) software. It offers products for supply chain and asset management, human resources and workforce analytics, and application integration and automation. SAP is a competitor to Oracle and has been acquiring cloud-based product companies for more than a decade.
This tech company has had some legal troubles over the years. In 2024, SAP agreed to pay more than $220 million in fines to settle bribery charges.
8. Palantir Technologies
- Market cap: $314.27 billion (as of June 4)
- Revenue (TTM): $3.1 billion
- Gross profit (TTM): $2.5 billion
- Year founded: 2003
Founded by a group of former PayPal (NASDAQ:PYPL) employees, Palantir Technologies builds and deploys software platforms used for big data analytics. It has four main platforms: AIP, Foundry, Gotham, and Apollo. Billionaire entrepreneur Peter Thiel serves as the company's chairman and is also one of its co-founders.
Palantir Technologies partners with many major companies, including Amazon (NASDAQ:AMZN), Microsoft, and Oracle. It also provides military and defense software tools for the U.S. and its allies.
9. ASML
- Market cap: $293.88 billion (as of June 4)
- Revenue (TTM): $34.9 billion*
- Gross profit (TTM): $18.2 billion*
- Five-year annualized return: 17.22%
- Year founded: 1984
*Converted from euros.
Dutch tech giant ASML provides semiconductor equipment systems. It manufactures and sells photolithography machines that other companies use to make the most advanced semiconductors.
Although ASML is based in the Netherlands, it operates worldwide, including in Europe, the U.S., and Asia. Some of its largest clients include Taiwan Semiconductor Manufacturing, Intel (NASDAQ:INTC), and Samsung (OTC:SSNL.F).
10. Cisco Systems
- Market cap: $254.87 billion (as of June 4)
- Revenue (TTM): $55.6 billion
- Gross profit (TTM): $36.3 billion
- Five-year annualized return: 9.85%
- Year founded: 1984
Cisco Systems is a networking company founded by two computer science students at Stanford University. It develops networking hardware and software, including routers, wireless systems, and security systems.
During the dot-com bubble, Cisco briefly became the world's largest company by market cap. While it's no longer anywhere close to the top of the market, it's still one of the major tech companies. In recent years, it has focused on AI solutions and partnered with Nvidia to accelerate enterprise adoption of AI.
Related investing topics
Takeaways
Technology sector takeaways for investors
The tech sector is an exciting one, where it's not unusual for companies to deliver market-beating returns. Most companies on this list have outperformed the S&P 500 over the last five years, and Nvidia and Broadcom have done particularly well.
The tradeoff is that tech stocks tend to be volatile. For example, Nvidia has seen both the biggest one-day gains and losses in Wall Street history. Tech companies also frequently trade at high valuations.
In addition, the Trump administration's import tariffs pose a serious concern for the technology sector. Many major tech companies have global supply chains, so tariffs force them to either relocate their manufacturing facilities or deal with increased costs.
There's a greater risk associated with investing in tech stocks, so it's important to carefully research growth prospects for any you're considering. Even with the risk, technology companies are well worth it for the potential returns. After all, many of the most successful companies in the world are in the tech sector.
