Largest Tech Companies

This week highlighted the sheer scale of big tech, as several of the world’s largest technology companies reported earnings during the week. On Wednesday alone, four of the largest tech companies reported earnings, together with a combined market cap of over $12.5 trillion, representing the largest earnings day in history in terms of market value reporting. At the same time Amazon’s cloud computing business (AWS) business reported a trailing 12 month revenue figure of $137 billion, which is higher than the total revenue of 472 companies in the S&P 500.

Sources: Jefferies, Charlie Bilello. Goodbody Asset Management.