lswcap
What was the market capitalization of the major US tech companies last year? It is already known that the Nasdaq broke the high and the SaaS field was strong. First, the Nasdaq Composite Index, which is centered on technology stocks, rose 35% in 2019. The SaaS sector’s Bessemer Cloud Index (BCI) rose 41%.
Looking at major companies, Microsoft drew a 55% uptrend in 2019, and Apple showed an 86% increase over the same period last year. Facebook increased by 57%. In the case of Amazon, revenue increased by 23% in 2019, and Alphabet grew by 29%. In addition to these companies, Salesforce.com grew 19%, Adobe 46%, Intel 28%, and Oracle 17%.
The Wall Street Journal reported that in 2019, the U.S. stock market will perform best in the last six years. He also emphasized that Apple and Microsoft will lead the boom. When will the market caps of these two technology companies exceed $1 trillion at the same time? Can tech giants maintain a market capitalization of $4.93 trillion? Although there was a short-term decline or stagnation last year, it is clear that the stock price continued to rise. Overall technology stocks were good, but of course there were some that were not.
Uber’s IPO was disappointing, and Reef’s IPO was sluggish. In mid-2019, IPOs showed good performance, but as the year-end approached, the IPO was somewhat slow. For example, companies such as Pinterest, Beyond Meat, and Zoom. Some SaaS companies have struggled where sales are expected to reach $1 billion soon. Nevertheless, the stock market, especially technology stocks, showed strong performance, and about 100 unicorn companies were born annually in the United States. 2020 has begun.
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