Apple is the best company in the world? The tech company is now worth more than Alphabet, Amazon and Meta combined

The recent financial downturn has turned Apple into a big company, the biggest tech company in the world and now it is worth more than Alphabet, Amazon, and Meta combined. 

Apple’s market cap is $2.21 trillion

Meta is worth 235.8 billion, Amazon is worth 911.8 billion, and Alphabet $1 trillion.  Meta, Amazon, and Alphabet are worth under $2.21 billion when combined. The economic downtown that was caused by high inflation, and the war in Ukraine have forced many tech companies to sell off and it may get worse from here. 

Amazon, Meta, and Alphabet were all part of the $3 trillion club just months ago and now only one of them is above a $2 billion valuation.  As of today, Alphabet stock is selling for $83.43 per share and it’s down 42.46% year to date and at its 52-week low.  For Meta, the tech company is also selling at a 52-week low and is down by 73 for the year. Amazon stock is selling for $89.30 per share, also at a 52-week low and the stock is down by as much as $81 this year alone, that’s a 47% sell-off from its 52-week high.

The interest rate is high and these tech stocks may not become cheaper until the Feds decide to start reducing the interest rate. Also, the world’s unrest needs to calm a little for investors to gain confidence again and start investing.