In 2025, the global technology landscape is being shaped by powerful players whose market capitalisations reflect their vast economic influence and innovation prowess. According to Forbes, Apple has reclaimed its position as the world’s most valuable tech company with a staggering market cap of $3.172 trillion as of April 30, 2025. Microsoft follows close behind at $2.929 trillion, while NVIDIA, after a meteoric rise, has slipped to third place at $2.660 trillion following a dramatic downturn earlier this year.
NVIDIA’s fall came after it briefly surpassed both Apple and Microsoft in 2024 to become the most valuable company globally. However, a historic single-day market value loss of nearly $600 billion in January 2025, triggered by breakthroughs from China’s DeepSeek, erased much of those gains.
Amazon and Alphabet (Google) round out the top five with valuations of $1.988 trillion and $1.953 trillion, respectively. Meta Platforms, Tesla, and Broadcom also feature prominently, reinforcing American dominance in the global tech sector.
However, Asian tech companies are steadily climbing. Taiwan Semiconductor Manufacturing Company (TSMC) ranks ninth with a valuation of $853.08 billion, while China’s Tencent comes in tenth at $555.29 billion. India’s Tata Consultancy Services (TCS), although not in the global top ten, remains the country’s most valuable IT firm with a market cap of approximately Rs 12.41 lakh crore.
The world’s top 10 most valuable tech companies by market cap in 2025
As of April 2025 (Source: Forbes)
| Rank | Company Name | Market Cap (in USD) | Country |
|---|---|---|---|
| 1 | Apple | $3.172 trillion | USA |
| 2 | Microsoft | $2.929 trillion | USA |
| 3 | NVIDIA | $2.660 trillion | USA |
| 4 | Amazon | $1.988 trillion | USA |
| 5 | Alphabet (Google) | $1.953 trillion | USA |
| 6 | Meta Platforms (Facebook) | $1.399 trillion | USA |
| 7 | Tesla | $940.61 billion | USA |
| 8 | Broadcom | $898.87 billion | USA |
| 9 | TSMC | $853.08 billion | Taiwan |
| 10 | Tencent | $555.29 billion | China |
Spending trends in the industry continue to reflect robust growth. Global IT services spending reached $1.59 trillion in 2024 and is projected to climb to $1.74 trillion in 2025, marking a 9.4% annual increase. Meanwhile, artificial intelligence remains a key investment driver, with worldwide spending expected to grow at a 29% CAGR through 2028.
As technology reshapes industries and economies, market capitalisation serves as a crucial benchmark of corporate influence. But as NVIDIA’s recent dip illustrates, even the titans of tech are vulnerable to rapid shifts in market dynamics.