The 10 Biggest Tech Stocks
The unrelenting march of technological progress has changed the way people live their lives while upending industries and disrupting the status quo. The personal computer, the internet, smartphones, e-commerce, cloud computing, and social media have been some of the key technologies that have shaped our world in the past few decades.
Companies that have successfully ridden these waves have come to dominate the list of the largest tech stocks. Some have been around for many years, while others have emerged more recently. Some manufacture hardware, like servers, computer chips, networking gear, and consumer devices, while others sell software, or even give it away for free.
The top 10 U.S. tech stocks have a combined market capitalization over $5 trillion, and they generate annual revenues in excess of $1.2 trillion. All are exceptionally profitable, benefiting from competitive advantages derived from some combination of high switching costs, network effects, massive barriers to entry, winner-take-most markets, and powerful brands.
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