Earlier today we noted on our Twitter feed that “the combined market cap of Apple and Microsoft is now 54% greater than the ENTIRE Russell 2000.” Adding to that stat, below is a look at the 40 largest stocks in the S&P 500 as of mid-day (7/6/20). Notably, four stocks are now worth more than $1 trillion in market cap, and three of them are actually more than $1.5 trillion in market cap. Apple (AAPL) leads the way at $1.62 trillion, followed by Microsoft (MSFT) at $1.59 trillion and Amazon.com (AMZN) at $1.5 trillion. Alphabet (GOOGL) rounds out the list of four “trillion dollar stocks” with a market cap of only $1.02 trillion.
The four largest S&P 500 companies have a combined market cap of more than $5.7 trillion. That’s roughly the same amount as the combined market cap of the remaining 20 companies with market caps above $200 billion. Along with Netflix (NFLX), three other stocks that continue to move up the list are NVIDIA (NVDA), Adobe (ADBE), and PayPal (PYPL). NVDA is now right on the heels of Intel (INTC) as the largest semiconductor company in the US. As of today, NVDA is less than $9 billion away from Intel’s $250 billion market cap. PayPal (PYPL) — which owns Venmo — is now the 21st largest stock in the S&P 500, which puts it ahead of blue chips like Disney (DIS), Bank of America (BAC), Cisco (CSCO), Coca-Cola (KO), and Exxon Mobil (XOM). Click here to view Bespoke’s premium membership options for our best research available.