The most valuable companies in the stock market today can be found in the technology sector. The first publicly traded company in history to reach a $1 trillion valuation was Apple in 2018. While it took the company more than 40 years to reach that milestone, less than four years later its valuation has increased by a further two trillion, reaching another record breaking $3 trillion. The “trillion dollar club” has also since expanded to include three more companies - all of them in the technology sector.
However, the markets appear to be falling out of love with the big tech . Earlier in 2022 Facebook lost $230bn in value in the biggest one-day stock plunge in history. It has since been overshadowed by several similar collapses that have (as of today) erased more than $2.6 trillion from the value of the five largest tech companies since the start of the year.
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