Market capitalization is the total market value of a publicly traded company, calculated by multiplying the current share price by the total number of shares outstanding.
It is one of the most closely watched indicators by investors because it encapsulates a company’s size, financial strength, and weight in global markets. The companies with the highest market caps drive technological, industrial, and energy transformations worldwide.
The July 2026 update confirms the dominance of US big tech and the centrality of artificial intelligence — but it also signals a meaningful shift in the top-10 composition: SpaceX’s entry into the world’s most valuable companies following its stock market debut. Elon Musk’s company went public in June 2026 in one of the most significant IPO events in recent years.
Among the month’s most notable changes: SpaceX enters at seventh place, TSMC reclaims its position ahead of Broadcom, Tesla drops out of the top 10 by a narrow margin — overtaken by Meta Platforms — while NVIDIA holds firmly at the top.
The top 10 most valuable companies by market cap (July 2026)
Compared to the previous reading, a significant reshuffling has occurred in the middle of the top 10.
NVIDIA retains global leadership with a market capitalization above $4.7 trillion, ahead of Apple and Alphabet. Microsoft and Amazon hold fourth and fifth place, though with slightly lower valuations than in June’s reading.
The headline development this month is SpaceX’s entry at seventh place, with a market cap of $2.134 trillion following its public debut (ticker: SPCX). TSMC holds sixth, while Broadcom slips to eighth. Saudi Aramco maintains ninth, and Meta Platforms closes the top 10, narrowly edging out Tesla — now ranked eleventh.
US companies account for eight of the ten spots. Taiwan and Saudi Arabia continue to represent strategic poles in semiconductors and energy, respectively. Here is the full ranking:
| Rank | Company | Ticker | Market Cap | Share price (July 2026) | Country |
| --- | --- | --- | --- | --- | --- |
| 1 | NVIDIA | NVDA | $4,718 billion | $194.83 | USA |
| 2 | Apple | AAPL | $4,532 billion | $308.63 | USA |
| 3 | Alphabet (Google) | GOOG | $4,346 billion | $356.18 | USA |
| 4 | Microsoft | MSFT | $2,900 billion | $390.49 | USA |
| 5 | Amazon | AMZN | $2,610 billion | $242.67 | USA |
| 6 | TSMC | TSM | $2,251 billion | $434.16 | Taiwan |
| 7 | SpaceX | SPCX | $2,134 billion | $162.00 | USA |
| 8 | Broadcom | AVGO | $1,714 billion | $360.45 | USA |
| 9 | Saudi Aramco | 2222.SR | $1,683 billion | $6.96 | Saudi Arabia |
| 10 | Meta Platforms | META | $1,479 billion | $582.90 | USA |
Table updated to July 2026
Just outside the top 10: Tesla drops to eleventh with a market cap of approximately $1.477 trillion, followed by Samsung, Micron Technology, Berkshire Hathaway, and SK Hynix. The heavy representation of semiconductors and advanced memory continues, with both Micron Technology and SK Hynix still above the $1 trillion threshold.
The top European company by market cap remains ASML (Netherlands, $682 billion), followed by Switzerland’s Roche ($337 billion), UK-based Arm Holdings ($337 billion), and HSBC ($332 billion). Excluding the UK, the next in line are Novartis and LVMH.
1. NVIDIA
Founded in 1993, NVIDIA remains the world’s most valuable company thanks to its dominant position in AI chips, GPUs, and data center infrastructure. Despite a slightly lower market cap than the previous reading, demand for generative AI accelerators and high-performance computing continues to underpin the group’s valuation.
2. Apple
Apple holds second place globally with a market cap above $4.5 trillion. Its integrated ecosystem of devices, software, and services remains one of the company’s core strengths, while the market continues to watch closely how AI integration evolves across its consumer product line.
3. Alphabet (Google)
Alphabet Inc. stays on the podium and closes the gap with Apple. The company continues to invest heavily in artificial intelligence, cloud infrastructure, and digital services, with the aim of strengthening its position in both online search and enterprise solutions.
4. Microsoft
Microsoft Corporation holds fourth place, though with a lower market cap than in June. Azure, Copilot, and the integration of AI into enterprise software remain the group’s main strategic engines, even as markets have grown more selective on tech valuations.
5. Amazon
Amazon remains fifth among the world’s most valuable companies. AWS continues to be its most profitable division, while artificial intelligence is being applied across logistics, advertising, and enterprise cloud services.
6. TSMC
TSMC confirms its position as the world’s leading third-party semiconductor manufacturer and reclaims its spot ahead of Broadcom. Growing demand for advanced AI chips, consumer electronics, and data center components reinforces Taiwan’s strategic role in the global supply chain.
7. SpaceX
SpaceX enters the top 10 following its public market debut under the ticker SPCX. Founded by Elon Musk, the company combines its launch business with the Starlink satellite internet operation, positioning itself as one of the most ambitious groups in space, connectivity, and technological infrastructure.
8. Broadcom
Broadcom Inc. slips to eighth place after being overtaken by both TSMC and SpaceX, but remains a major global player in semiconductors and network infrastructure. Demand for cloud, data center, and AI-application chips continues to be a central driver.
9. Saudi Aramco
Saudi Aramco maintains its presence in the top 10 as the world’s leading publicly traded energy giant. The Saudi company remains sustained by oil cash flows, but the contrast with the growth trajectory of technology firms confirms a steady gravitational shift in the ranking toward AI, semiconductors, and digital infrastructure.
10. Meta Platforms
Meta closes the top 10, narrowly surpassing Tesla. The group continues to invest in artificial intelligence, while its social media platforms remain the primary revenue engine.
Editor’s note
This article was originally published in Italian on money.it by Redazione Imprese on July 06, 2026 as «Le 10 società con la più alta capitalizzazione del mondo (luglio 2026)». It has been translated and adapted for an international audience by the Money.it International desk.
