The five largest companies in 2010 vs 2020
Two years ago we looked at the five largest
companies in 2008 vs 2018. In 2008 Exxon Mobil was again first, while in
2018 Microsoft was leading the pack with a market capitalization about
two times the market cap of Exxon Mobil 10 years earlier.
Fast forward to 2020, and Apple is #1 with an impressive market cap of
over 1.5trillion dollars. For comparison sake, the top 5 largest
companies in 2010 had a combined market cap of just over 1.4trillion
dollars or $163 billion less than only Apple has today. The sum market
cap of the top 5 largest companies in 2020 is 4.3 times the sum from
just 10 years ago. In contrast, the sum market cap of the top 5 largest
companies in 2018, was 2.3 times the sum of those in 2008.
Many have speculated that we are in a stock market bubble, especially
considering the huge impact of COVID-19 on the economy as a whole.
What are your thoughts?
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