The 30 Largest Companies on the Stock Market

Display board at stock exchange showing stock prices.
Display board at stock exchange showing stock prices.

Image source: Getty Images.

The stock market continues to prove itself as one of the best places for people to grow their wealth. With the markets up strongly this year, the total market capitalization -- that is, the total market value of companies' shares -- of the U.S. stock market is $27.5 trillion at recent prices. That's a tremendous amount of wealth, with a significant portion of it held in regular folks' retirement accounts.

Surprisingly enough, a huge portion of that value is derived from a very small group of companies. Of the thousands of publicly traded companies operating today, the 30 largest ones are worth almost $10 trillion -- about one-third of the entire market's value.

Here is a closer look at each of the 30 biggest companies on the stock market. (Note: All market data as of Nov. 30, 2017.)

Apple iPhone X
Apple iPhone X

Apple's iPhone X is just the latest tech marvel from the world's most valuable -- and profitable -- company. Image source: Apple.

1. Apple Inc.

With a market capitalization of $868.8 billion, Apple Inc. (NASDAQ: AAPL) has made for one of the greatest investing stories in history. And not once, but twice. Founded by Steve Jobs, Steve Wozniak, and Ronald Wayne in 1976, the early success of its Apple I, Apple II, and Macintosh computers made it a huge financial success for anyone who invested in the company after its 1980 IPO. But a number of challenges and a power struggle led to the departure of Jobs in 1985.

After years of steady loss of market share to another company on this list, Microsoft Corporation (NASDAQ: MSFT), Apple brought Jobs back in 1997, when the company was on the brink of failure. Following his return, Apple went on to develop the iMac, iPod (and subsequently iTunes), and the product that has made it the most valuable public company on Earth: the iPhone in 2007.

The company is on track to ship 30 million of its new iPhone X smartphones in the current quarter. Given their price of $999 to $1,149 each, the company should command more than $30 billion in sales this quarter from this single product.

Google logo
Google logo

Image source: Google.

2. Alphabet Inc.

The parent company of Google, Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL), is worth $720.8 billion. But unlike Apple, which makes a living selling high-end tech devices, Alphabet doesn't charge its users much or anything at all for most of its services. YouTube, Google search, Gmail, Google Drive cloud storage, and Documents productivity software are all free at their basic levels, while some premium services -- like additional storage and ad-free content on YouTube -- are available for a modest fee.