The technology sector continues to be a driving force behind global economic growth and, despite the ongoing challenges posed by geopolitical issues and interest rate hikes, the global top 25 technology companies gained more than $2,4-trillion in valuation in the first quarter of 2023.
Meta, Apple, Amazon, Microsoft, and Google continue to dominate the top 25 global tech stocks’ valuation contributing more than 60% with $7,7-trillion. These stocks posted more than 15% growth in MCap, in which Meta topped the list with 72% QoQ growth in Q1 2023. Microsoft crossed the $2-trillion landmark in August 2022 and, after a tumble in the next few months, it again crossed in March 2023.
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