The Nasdaq 100 index is heavily concentrated on technology companies but also includes some companies from other sectors, and is frequently used as a gauge for the state of the technology industry. In this article, we will see the largest twenty companies that have most of t in the index.
The history of the Nasdaq index:
The Nasdaq Stock Market is one of the oldest and most influential stock markets in the world, it was established on April 5, 1971, and it became an official stock exchange in 1973. The Nasdaq Stock Market is based in Manhattan, and it is the second-largest stock exchange in the world by market capitalization.
More than 3,000 equities are listed on NASDAQ. A company must be registered with the SEC, have at least three market makers (financial institutions that act as brokers or dealers for particular securities), have the necessary assets, capital, public shares, and shareholders, as well as meet other requirements, to be eligible for listing on the NASDAQ STOCK exchange.
10 largest Nasdaq companies in 2024
1-Microsoft Corp:
Microsoft Corporation is the fisrt largest Nasdaq company it develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing.
The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.
The Intelligent Cloud segment licenses SQL, Windows Servers, Visual Studio, System Center, and related Client Access Licenses,also it own GitHub that provides a collaboration platform and code hosting service for developers and Nuance provides healthcare and enterprise AI solutions, and Azure, a cloud platform. It also offers enterprise support, Microsoft consulting, and nuance professional services to assist customers in developing, deploying, and managing Microsoft server and desktop solutions,and training and certification on Microsoft products.
The More Personal Computing segment provides Windows original equipment manufacturer (OEM) licensing and other non-volume licensing of the Windows operating system; Windows Commercial, such as volume licensing of the Windows operating system, Windows cloud services, and other Windows commercial offerings, patent licensing, and Windows Internet of Things.
It also offers Surface, PC accessories, PCs, tablets, gaming and entertainment consoles, and other devices; Gaming, including Xbox hardware, and Xbox content and services,video games and third-party video game royalties and Search, including Bing and Microsoft advertising.
The company sells its products through OEMs, distributors, and resellers; and directly through digital marketplaces, online stores, and retail stores. Microsoft Corporation was founded in 1975 and is headquartered in Redmond, Washington.
2-Apple Inc:
Apple Inc is the second largest NASDAQ company, Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers the iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.
Further, it provides AppleCare support and cloud services store services; and operates various platforms, including the App Store that allow customers to discover and download applications and digital content, such as books, music, video, games, and podcasts.
Additionally, the company offers various services, such as Apple Arcade, a game subscription service, Apple Fitness+, a personalized fitness service also Apple Music, which offers users a curated listening experience with on-demand radio stations, Apple News+ is a subscription news, and magazine service and Apple TV+, which offers exclusive original content, Apple Card, a co-branded credit card and Apple Pay, a cashless payment service, as well as licenses its intellectual property.
Apple Inc serves consumers, small and mid-sized businesses; and the education, enterprise, and government markets. It distributes third-party applications for its products through the App Store.
The company also sells its products through its retail and online stores, direct sales force; and third-party cellular network carriers, wholesalers, retailers, and resellers.
Apple Inc. was incorporated in 1977 and is headquartered in Cupertino, California.
3-Amazon.com Inc:
Amazon.com, Inc is the 6 largest NASDAQ company, it engages in the retail sale of consumer products and subscriptions in North America and internationally.
The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.
The company also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Rings, and Echo and other devices, Amazon provides Kindle Direct Publishing, an online service that allows independent authors and publishers to make their books available in the Kindle Store; and develops and produces media content.
In addition, it offers programs that enable sellers to sell their products on its websites, as well as its stores and programs that allow authors, musicians, filmmakers, Twitch streamers, skill and app developers, and others to publish and sell content.
Further, the company provides computing, storage, database, analytics, machine learning, and other services, as well as fulfillment, advertising, publishing, and digital content subscriptions.
Additionally, it offers Amazon Prime, a membership program, which provides free shipping of various items; access to streaming of movies and series; and other services. The company serves consumers, sellers, developers, enterprises, and content creators.
Amazon.com, Inc. was incorporated in 1994 and is headquartered in Seattle, Washington.
4-Alphabet Inc:
Alphabet Inc is the 4 largest NASDAQ company that provides various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America.
It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
It is also involved in the sale of apps and in-app purchases and digital content in the Google Play store and Fitbit wearable devices, Google Nest home products, Pixel phones, and other devices, as well as in the provision of YouTube non-advertising services.
The Google Cloud segment offers infrastructure, platform, and other services,Google Workspace that include cloud-based collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers, the Other Bets segment sells health technology and internet services.
The company was founded in 1998 and is headquartered in Mountain View, California.
5-NVIDIA Corporation :
NVIDIA Corporation is the 5 largest NASDAQ company it provides graphics, computing, and networking solutions in the United States, Taiwan, China, and internationally.
The company’s Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms, Quadro/NVIDIA RTX GPUs for enterprise workstation graphics and vGPU software for cloud-based visual and virtual computing, automotive platforms for infotainment systems and Omniverse software for building 3D designs and virtual worlds.
Its Compute & Networking segment provides Data Center platforms and systems for AI, HPC, and accelerated computing; Mellanox networking and interconnect solutions, automotive AI Cockpit, autonomous driving development agreements, and autonomous vehicle solutions also cryptocurrency mining processors and Jetson for robotics and other embedded platforms, and NVIDIA AI Enterprise and other software.
NVIDIA Corporation sells its products to original equipment manufacturers, original device manufacturers, system builders, add-in board manufacturers, retailers/distributors, independent software vendors, Internet and cloud service providers, automotive manufacturers, and tier-1 automotive suppliers, mapping companies, start-ups, and other ecosystem participants,it has a strategic collaboration with Kroger Co.
NVIDIA Corporation was incorporated in 1993 and is headquartered in Santa Clara, California.
6-Tesla Inc:
Tesla, Inc is the 6 largest NASDAQ company it designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally.
The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits. It provides sedans and sport utility vehicles through direct and used vehicle sales, a network of Tesla Superchargers, and in-app upgrades and purchase financing and leasing services.
This segment is also involved in the provision of non-warranty after-sales vehicle services, sale of used vehicles, retail merchandise, and vehicle insurance, as well as sale of products to third party customers,services for electric vehicles through its company-owned service locations, and Tesla mobile service technicians, and vehicle limited warranties and extended service plans.
The Energy Generation and Storage segment engages in the design, manufacture, installation, sale, and leasing of solar energy generation and energy storage products, and related services to residential, commercial, and industrial customers and utilities through its website, stores, and galleries, as well as through a network of channel partners.
This segment also offers service and repairs to its energy product customers, including under warranty; and various financing options to its solar customers. The company was formerly known as Tesla Motors, Inc. and changed its name to Tesla, Inc. in February 2017.
Tesla, Inc. was incorporated in 2003 and is headquartered in Austin, Texas.
7-Meta Platforms Inc:
Meta Platforms, Inc is the 7 largest NASDAQ company it develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, wearables, and in-home devices worldwide.
It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment’s products include Facebook, which enables people to share, discover, and connect with interests.
Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops.
Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices through chat, audio and video calls, and rooms.
WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.
The Reality Labs segment provides augmented and virtual reality related products comprising virtual reality hardware, software, and content that help people feel connected, anytime, and anywhere.
The company was formerly known as Facebook, Inc. and changed its name to Meta Platforms, Inc. in October 2021. Meta Platforms, Inc. was incorporated in 2004 and is headquartered in Menlo Park, California.
8-PepsiCo Inc:
PepsiCo, Inc is the 8 largest NASDAQ company it manufactures, markets, distributes, and sells various beverages and convenient foods worldwide.
The company operates through seven segments: Frito-Lay North America,Quaker Foods North America, PepsiCo Beverages North America, Latin America, Europe; Africa, Middle East, and South Asia; and Asia Pacific, Australia and New Zealand and China Region.
It provides dips, cheese-flavored snacks, and spreads, as well as corn, potato, and tortilla chips; cereals, rice, pasta, mixes and syrups, granola bars, grits, oatmeal, rice cakes, simply granola, and side dishes, beverage concentrates, fountain syrups, and finished goods, ready-to-drink tea, coffee, and juices, dairy products, and sparkling water makers and related products.
It serves wholesale and other distributors, food service customers, grocery stores, drug stores, convenience stores, discount/dollar stores, mass merchandisers, membership stores, hard discounters, e-commerce retailers and authorized independent bottlers, and others through a network of direct-store-delivery, customer warehouse, and distributor networks, as well as directly to consumers through e-commerce platforms and retailers.
The company was founded in 1898 and is headquartered in Purchase, New York.
9-Broadcom Inc:
Broadcom Inc is the 9 largest NASDAQ company it designs, develops, and supplies various semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide.
The company operates in two segments, Semiconductor Solutions and Infrastructure Software. It provides set-top box system-on-chips (SoCs); cable, digital subscriber line, and passive optical networking central office/consumer premise equipment SoCs, wireless local area network access point SoCs,Ethernet switching and routing custom silicon solutions and embedded processors and controllers, serializer/deserializer application specific integrated circuits; optical and copper, and physical layer devices,and fiber optic components and RF semiconductor devices.
The company also offers RF front end modules and filter; Wi-Fi, Bluetooth, and global positioning system/global navigation satellite system SoCs,custom touch controllers; custom touch controllers; inductive charging, attached small computer system interface, and redundant array of independent disks controllers and adapters, peripheral component interconnect express, fiber channel host bus adapters; read channel based SoCs; custom flash controllers; preamplifiers, optocouplers, industrial fiber optics, and motion control encoders and subsystems,light emitting diode, ethernet PHYs, switch ICs, and camera microcontrollers.
Its products are used in various applications, including enterprise and data center networking, home connectivity, set-top boxes, broadband access, telecommunication equipment, smartphones and base stations, data center servers and storage systems, factory automation, power generation and alternative energy systems, and electronic displays.
Broadcom Inc. was incorporated in 2018 and is headquartered in San Jose, California.
10-Costco Wholesale Corp:
Costco Wholesale Corporation is the 10 largest nasdaq company together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan.
It offers branded and private-label products in a range of merchandise categories. The company offers sundries, dry groceries, candies, coolers, freezers, liquor, and tobacco and deli products,appliances, electronics, health and beauty aids, hardware, garden and patio products, sporting goods, tires, toys and seasonal products, office supplies, automotive care products, postages, tickets, apparel, small appliances, furniture, domestics, housewares, special order kiosks, and jewelry; and meat, produce, service deli, and bakery products.
It also operates pharmacies, optical, food courts, hearing aids, and tire installation centers, as well as 668 gas stations; and offers online business delivery, travel, same-day grocery, and various other services.
As of August 28, 2022, the company operated 838 membership warehouses, including 578 in the United States and Puerto Rico, 107 in Canada, 40 in Mexico, 31 in Japan, 29 in the United Kingdom, 17 in Korea, 14 in Taiwan, 13 in Australia, 4 in Spain, 1 in Iceland, 2 in France, and 2 in China.
It also operates e-commerce websites in the United States, Canada, the United Kingdom, Mexico, Korea, Taiwan, Japan, and Australia. The company was formerly known as Costco Companies, Inc. and changed its name to Costco Wholesale Corporation in August 1999.
Costco Wholesale Corporation was founded in 1976 and is based in Issaquah, Washington.