Apple upheld market cap dominance in January while Meta earned the most among top 10

ISTANBUL

Apple in January upheld its market cap dominance with a little over $3.5 trillion, while Meta racked up the most earnings among the top 10, with its shares soaring 17.71% to $689.18 since the start of 2025.

Global equity markets were shaken last month by US President Donald Trump’s policies, while China’s DeepSeek artificial intelligence (AI) model disrupted the US’ leadership position in the AI market.

Meta, Microsoft, Amazon, Tesla, Google, and Apple, whose chief executives made headlines attending Trump’s Jan. 20 inauguration, maintained their prominence among the top 10.

Apple’s market cap was followed by Microsoft with nearly $3.1 trillion, Nvidia with $2.9 trillion, Google (Alphabet) with a little over $2.5 trillion, and Amazon with nearly $2.5 trillion.

Saudi Aramco had a market cap of $1.8 trillion, Meta $1.7 trillion, Tesla $1.3 trillion, Taiwan Semiconductor Manufacturing Company (TSMC) close to $1.1 trillion, and Broadcom a little over $1 trillion.

As for shares, Meta was the best-performing firm in the stock markets last month.

Billionaire Mark Zuckerberg, Meta’s CEO, said he would spend upward of $65 billion this year on AI infrastructure.

Zuckerberg said he expects Meta AI to become a leading AI-powered virtual assistant serving over 1 billion people in 2025, while they also plan to develop an AI engineer to create the Llama 4 model.

Meta’s share rise was followed by Amazon with an 8.34% rise in January, Google with 7.96%, TSMC with 5.9%, and Tesla with 0.19%.

Among the world’s top 10 companies, Nvidia’s shares fell 10.59% in January, led by the release of DeepSeek, a completely open-source and free, reasoning-focused large language model which was developed within two months using older-generation Nvidia chips and a fraction of the budgets of its competitors.

Nvidia closed Jan. 27 with a nearly 17% daily loss and its market value fell $600 billion – the biggest daily loss of a company in US history. Broadcom shares also plummeted 17.4%, Google (Alphabet) shares lost 4%, and Microsoft stocks declined 2% on the same day.

Meanwhile, Apple shares lost 5.76% in January, followed by Broadcom with a 4.56% decline, Microsoft with a 1.53% decrease, and Saudi Aramco with a 0.89% downtick.