The global pandemic came as a blessing in disguise for the top brands in terms of their market capitalization and product enhancement. We present you the list of top gainers.
AMAZON
- Market Capitalization added YTD – $401.1 Bn (June 17, 2020)
- The global pandemic came as a blessing in disguise for Amazon. The accelerated shift to online shopping and the ‘remote work’ necessity has peaked the demand for Amazon’s retail and its cloud computing business framework, thus rocketing its stocks to all-time highs.
MICROSOFT
- Market Capitalization added YTD – $269.9 Bn (June 17, 2020)
- Microsoft’s stock went up by about 27%, after the global health emergency in light of the spread of coronavirus was declared. The growth was harvested on the ground of the company’s cloud services (24% y-o-y growth) and Personal computing and Productivity and Business Processes segments (9% y-o-y). Microsoft also passed 75 million daily active users in April, compared to 20 Mn in late 2019.
APPLE
- Added YTD – $219.1 Bn (June 17, 2020)
- Despite closing all of its retail stores, the iPhone parent pulled in $58.3 Bn in revenue in the March quarter. Also, this year, Apple became the first U.S. company to hit a $2 trillion valuation.
TESLA
- Market Capitalization added YTD – $108.4 Bn (June 17, 2020)
- Tesla said that it delivered 90,650 cars in the second quarter. Also, the company’s shares are up by 160% in 2020. Undoubtedly, the world is looking ahead to self-driving robotaxis.
TENCENT
- Market Capitalization added YTD – $93 Bn (June 17, 2020)
- Tencent has surpassed Facebook following a huge rally in the Chinese firm’s shares this year. Tencent’s online gaming revenues rose 3% in the first quarter and its video subscriber surged 112 Mn
- Market Capitalization added YTD – $85.7 Bn (June 17, 2020)
- The advertising impressions of the organization in the first quarter of the year observed 39% rise.
NVIDIA
- Added YTD – $83.3 Bn (June 17, 2020)
- Nvidia’s family includes primarily graphics, wireless communication, PC processors, and automotive hardware/software. During lockdowns, hours spent playing games on Nvidia’s platforms jumped 50%.
ALPHABET
- Market Capitalization added YTD – $68.1 Bn (June 17, 2020)
- Alphabet saw a significant and sudden slowdown in ad revenues in March 2020. Yet, YouTube scored a growth rate of 10%.
Also see: The debut of a conglomerate: why Google became Alphabet?
PayPal
- Market Capitalization added YTD – $65.4 Bn (June 17, 2020)
- PayPal gained 7.4 Million new users in April 2020
T-Mobile
- Market Capitalization added YTD – $59.7 Bn (June 17, 2020)
- T-Mobile added 452,000 postpaid phone subscribers in the first quarter of 2020
