Many companies from the USA: Three Swiss companies among the 100 most expensive companies in the world

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From a Swiss perspective, the picture with three representatives among the companies in the “Top 100” list looks familiar. According to the compilation of the audit and consultancy company EY, the food company Nestlé ranked 26th (previous year: 23rd) with a market value of $ 307 billion (about 258 billion francs) as of December 27.

Behind them are the big Basel pharmaceutical companies: Roche ranks 43rd with a market value of $233 billion (previous year: 31), while its rival Novartis ranks 52nd with a market value of $206 billion (previous year: 47). ).

UBS, meanwhile, follows the Swiss trio: following the takeover of CS, the bank is currently ranked 139th, after being ranked 235th last year. Its market value is $101 billion.

Nine US companies in the top 10

In a global comparison, Switzerland ranks sixth with the total market value of the companies represented in the top 100 with approximately US$746 billion, while the USA (almost $26,000 billion) leads the ranking by a large margin. These are followed by Saudi Arabia (2 billion 138 billion dollars), China (1 billion 882 billion dollars), France (1 billion 206 billion dollars) and England (775 billion dollars).

According to the analysis, the boom in the technology sector has led to a further strengthening of the US dominance: 62 of the 100 most expensive companies in the world (previous year: 61) are located in the USA. Nine of the ten most expensive companies in the world are located in the United States.

As in the previous year, technology company Apple ranks first this year with a market value exceeding 3 trillion dollars. This is followed by Microsoft (about $2.8 trillion) and Saudi Arabian oil production company Saudi Aramco (about $2.1 trillion). The most valuable European company, according to the list, currently sits at No. 16 ($460 billion) Danish pharmaceutical company Novo Nordisk.

“Artificial intelligence increased stock market prices”

Overall, the market value of the world’s 100 most expensive companies increased by 29 percent during the year, reaching over $36.5 trillion, a new record.

While classifying the results, EY chairman Henrik Ahlers said, “This year, in particular, the topic of artificial intelligence has inspired the imagination of investors and therefore the stock market prices.” “Companies operating in this field have become the favorites of investors.”

According to the analysis, Europe’s importance in world stock markets increased slightly from a low level last year: 19 European companies managed to enter the top 100, an increase of three compared to the previous year. But: In 2007, before the global financial crisis, 46 of the world’s 100 most valuable companies were located in Europe, only 32 in the United States.

“We have seen a dramatic decline in the importance of Europe over the last two decades, while the United States has eclipsed Europe,” Ahlers said. The European capital market is currently “very fragmented” and the barriers to raising capital through the stock market are very high, especially for young and aspiring companies. (SDA)

Source :Blick