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This emerged from an assessment by the auditing and consulting firm EY, which is available to the German Press Agency. German software group SAP ranked 71st (end of 2022: 106th) with a stock market value of $159 billion, while Siemens climbed from 115th to 91st, ranking 57th with its $132 billion Irish-based company.
According to EY, excluding the Saudi oil company Saudi Aramco, the ten top-rated companies are headquartered in the United States. These include tech giants like Google parent company Alphabet, online giant Amazon, chipmaker Nvidia and Facebook group Meta. “The current AI boom shows this very clearly: Once again, it is primarily US companies that are benefiting and gaining prominence from a new megatrend in the stock markets,” said Henrik Ahlers, CEO of EY in Germany. U.S. companies account for $24 trillion of the total value of the top 100 companies of $34.4 trillion.
(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
