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10 Best Tech Stocks to Buy for 2024

Admin — Mon, 29 Jan 2024 01:30:00 +0000

Technology stocks led the stock market to new all-time highs in the past year. In fact, the Technology Select Sector SPDR ETF (ticker: XLK) has more than doubled the S&P 500’s total return in the past 12 months. For more than a decade, brief periods of tech sector underperformance have consistently been long-term buying opportunities, and that trend seems likely to continue to play out in 2024.

Inflation and elevated interest rates remain headwinds for tech earnings in the near term, however, making stock selection critical. Here are 10 of the best tech stocks to buy today, according to CFRA Research analysts:

Stock	Implied upside from Jan. 26 close
Apple Inc. (AAPL)	9.1%
Microsoft Corp. (MSFT)	4%
Nvidia Corp. (NVDA)	14.7%
Broadcom Inc. (AVGO)	-8.7%
Advanced Micro Devices Inc. (AMD)	-15.4%
Adobe Inc. (ADBE)	14%
Salesforce Inc. (CRM)	7.2%
Accenture PLC (ACN)	0.8%
Cisco Systems Inc. (CSCO)	5.5%
Intuit Inc. (INTU)	-4.6%

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Apple produces the iPhone, iPad, Apple Watch, Mac computers and other personal computing devices. Its services segment includes its App Store, Apple Music, iCloud and licensing businesses. Analyst Angelo Zino says Apple has a large, loyal, global customer base and a growing addressable market. Zino says Apple has an impressive combination of massive free cash flow generation, aggressive capital returns and growth opportunities, such as foldable iPhones, advertising, gaming and bundling. He says declining component costs and improving product mix could further boost Apple’s margins. CFRA has a “buy” rating and $210 price target for AAPL stock, which closed at $192.42 on Jan. 26.

Microsoft is the world’s largest software company and is best known for Windows, Office and Azure cloud services. Zino says Microsoft’s artificial intelligence technology is the biggest reason to buy the stock, but the company also has ongoing growth opportunities in cloud computing, including Office, Dynamics, Teams and Azure cloud services. He says generative AI offerings will drive earnings upside for Microsoft in the coming years. In addition, Zino says Microsoft’s Activision Blizzard acquisition creates new growth potential in gaming. He projects 14% revenue growth in fiscal 2024. CFRA has a “strong buy” rating and $420 price target for MSFT stock, which closed at $403.93 on Jan. 26.

Nvidia designs and sells high-end graphics and video processing chips used for desktop and gaming personal computers, workstations, and other advanced computing servers and supercomputers. Not only is Nvidia the best-performing stock on this list in the past year, but its 12-month gain of 200% makes it the best performer in the entire S&P 500. Zino says Nvidia has an impressive pipeline of cutting-edge chips, and cloud infrastructure upgrade spending is creating unprecedented demand for Nvidia’s products. He projects 41% revenue growth in fiscal 2025. CFRA has a “buy” rating and $700 price target for NVDA stock, which closed at $610.31 on Jan. 26.

Broadcom is a diversified analog semiconductor supplier. Zino says Broadcom will be another major winner from the AI infrastructure boom, which will support demand for the company’s networking and switcher business, as well as its application-specific integrated circuit sales. In addition, he says Broadcom’s acquisition of VMware will create significant cost synergies. Zino says the extension of Broadcom’s chip supply deal with Apple and the fact that 40% of the company’s total sales are now software sales has made Broadcom’s financial visibility better than ever. CFRA has a “buy” rating and $1,100 price target for AVGO stock, which closed at $1,204.88 on Jan. 26.

Advanced Micro Devices Inc. (AMD)

Shares of microprocessor and graphics semiconductor stock Advanced Micro Devices are up a whopping 5,098% over the past decade, but Zino says the stock still has room to run given the growth outlook for AMD’s central processing unit data center servers and the ramp-up of its next-generation EPYC processor. He also anticipates AMD’s recent success will allow the company to improve its balance sheet, reducing risk for investors. Zino projects margin expansion in 2024, driven by new product launches and stabilization of PC-related demand. CFRA has a “buy” rating and $150 price target for AMD stock, which closed at $177.25 on Jan. 26.

Adobe produces creative content software and other applications used for marketing and e-commerce. Zino says Adobe is dominant in several key creative content markets and has opportunities to further monetize its products by integrating AI technology. He says Adobe also has opportunities for cross-selling its various products to existing customers. Zino says the company’s Firefly generative machine learning model is drumming up significant customer interest across various Adobe platforms. He says generative AI offerings will also boost user adoption and subscription revenue. CFRA has a “buy” rating and $700 price target for ADBE stock, which closed at $613.93 on Jan. 26.

Salesforce is the world’s largest provider of cloud-based customer relationship management, or CRM, software. While Salesforce’s impressive revenue growth may finally be starting to slow, Zino says Salesforce is still gaining market share, has an attractive valuation and has the potential for significant earnings growth. He says Salesforce’s many years of acquisitions have helped the company construct the most comprehensive portfolio of CRM offerings in the market by far, differentiating Salesforce from competitors. Zino is also encouraged by Salesforce’s AI initiatives, including its Einstein GPT tool. CFRA has a “strong buy” rating and $300 price target for CRM stock, which closed at $279.94 on Jan. 26.

Accenture is a global information technology services firm that specializes in consulting and outsourcing. Analyst Brooks Idlet says Accenture is a high-quality company with a strong balance sheet, a diverse customer base and a track record of industry-leading earnings growth. Idlet says Accenture is also an excellent defensive investment because its business holds up well even during periods of macroeconomic weakness. He says Accenture has positive business momentum and the company’s ability to attract top-tier talent and cultivate strong relationships with software vendors will continue to create value. CFRA has a “buy” rating and $374 price target for ACN stock, which closed at $371.07 on Jan. 26.

Cisco Systems Inc. (CSCO)

Cisco Systems provides networking, cloud, and cybersecurity hardware and software solutions. In the past year, Cisco shares have lagged behind the tech sector overall, gaining just 10.7%. However, the stock also pays a 3% dividend, the highest yield of any stock on this list. Analyst Keith Snyder says Cisco is navigating near-term headwinds due to component shortages and other factors. Still, the company has several positive long-term catalysts ahead, including 5G core deployments, the Wi-Fi 6 upgrade cycle, AI network build-outs and a rapid rise in bandwidth consumption. CFRA has a “buy” rating and $55 price target for CSCO stock, which closed at $52.14 on Jan. 26.

Intuit produces accounting and management, tax preparation and personal finance software. Analyst Janice Quek says Intuit has executed well in a challenging macroeconomic environment. Looking ahead, Quek says Intuit has several growth opportunities, including the addition of new features that will improve Intuit’s engagement, as well as the profitability of its small and midsize business customers. She is particularly optimistic about monetization opportunities for Intuit’s AI-powered Intuit Assist offering. Quek says Intuit’s core products Quickbooks and Mailchimp have been resilient, including 19% Quickbooks Online accounting sales in its fiscal first quarter. CFRA has a “buy” rating and $612 price target for INTU stock, which closed at $641.36 on Jan. 26.

The post 10 Best Tech Stocks to Buy for 2024 appeared first on Livemint News Today.

Global occupier trends to watch in 2024

Admin — Wed, 24 Jan 2024 00:00:00 +0000

Amid ongoing global economic and geopolitical challenges, 86% of Corporate Real Estate (CRE) leaders globally are focused on reducing operating costs. They will spend strategically in 2024, balancing competing and overlapping priorities, but where will they focus that spend?

Forward thinking firms will seize the opportunity to rethink their property portfolios and adapt to new workforce demands, ESG priorities and technology innovation.

AI, and technology more broadly, is the thread that binds our 2024 trends. Firms will look to invest in areas that support their wider people, place and portfolio objectives.

In this article, we explore five themes impacting CRE in 2024. By no means an exhaustive list, the impact of these themes will differ between companies, markets, regions and industries.

The post Global occupier trends to watch in 2024 appeared first on Livemint News Today.

Biggest Companies in the World by Market Cap

Admin — Mon, 22 Jan 2024 21:27:09 +0000

The world’s biggest companies by market capitalization range across different market sectors, including technology, communication services, energy, consumer cyclicals, and financial services. Most companies in the top-10 list generate hundreds of billions of dollars in annual revenue. However, there are a few that generate less than $100 billion in annual revenue, suggesting that investors are optimistic about the potential growth of these companies compared with others on the list.

Companies are ranked as per TradingView’s list of largest companies by market cap. All figures, which are also taken from TradingView, are current as of Jan. 20, 2024.

Key Takeaways

Company value is often measured by market capitalization or the value of all shares in the market.
Microsoft, Apple, and Saudi Aramco are the top three global companies, each with market caps of over $2 trillion each.
Technology and energy companies rank among the most valuable companies in the world today.
U.S.-based companies fill most top slots.

1. Microsoft (MSFT)

Market Cap: $2.96 trillion
Revenue (TTM): $218.31 billion
Net Income (TTM): $77.1 billion
1-year Trailing Total Return: 64.6%
Exchange: Nasdaq
Year Founded: 1975

Microsoft (MSFT) is a global developer and licenser of software, devices, solutions, and services. The company is well known for its Windows and Office Suite software as well as its Xbox gaming hardware. The company is gaining more of its profits and revenue from cloud computing services, for which it is a market leader. Microsoft has also made a big play in AI, integrating it into its search and Office products.

Microsoft’s main cloud platform is Azure. Microsoft also owns and operates LinkedIn, the popular social networking site for professionals and job seekers.

2. Apple (AAPL)

Market Cap: $2.96 trillion
Revenue (TTM): $383.29 billion
Net Income (TTM): $97 billion
1-year Trailing Total Return: 39.1%
Exchange: Nasdaq
Year Founded: 1976

Apple (AAPL) designs, manufactures, and markets a broad range of consumer technology products, including smartphones, personal computers, tablets, wearable devices, home entertainment devices, and more. Some of its most popular products include its iPhone smartphones and Mac computers.

Apple also has dramatically expanded its sales from services. It operates digital content stores, provides cloud and payment services, and recently launched AppleTV+, a streaming service for on-demand entertainment content.

3. Saudi Aramco (2222.SR)

Market Cap: $2.06 trillion
Revenue (TTM): $501.65 billion
Net Income (TTM): $126.52 billion
1-year Trailing Total Return: 9.8%
Exchange: Tadawul (Saudi Stock Exchange)
Year Founded: 1933

Saudi Arabian Oil, better known as Saudi Aramco, is a Saudi Arabia-based integrated oil and gas company. The company was founded as Standard Oil’s overseas operations and is now owned by the Saudi government.

Aramco operates both upstream and downstream segments:

Its upstream segment engages in the exploration and production of crude oil, condensate, natural gas, and natural gas liquids.
The downstream segment is engaged in refining and petrochemical manufacturing, distribution, and power generation.

Saudi Aramco also has a chemicals business that makes complex products such as synthetic rubber.

4. Alphabet (GOOGL/GOOG)

Market Cap: $1.84 trillion
Revenue (TTM): $296.38 billion
Net Income (TTM): $66.73 billion
1-year Trailing Total Return: 57.4%
Exchange: Nasdaq
Year Founded: 1998

Alphabet (GOOGL/GOOG) is the parent of Google, the dominant search engine in the global market. The company offers a range of technologies and digital services, including search, the Android smartphone operating system, the Chrome browser, the Gmail email services, the Google Drive online file storage platform, Google Maps, Google Photos, the Google Play app store, and YouTube.

The company also provides cloud services through Google Cloud and a variety of workspace collaboration tools. In addition, the company earns revenue through a growing array of hardware products such as the Pixel phones, Fitbit, and the Google Nest home collection. Alphabet also operates its Other Bets segment which includes emerging businesses such as the self-driving car business Waymo.

Like Microsoft, Alphabet, and just about any tech company on this list, Alphabet is making a play in AI, releasing apps through its Gemini deep learning model.

5. Amazon (AMZN)

Market Cap: $1.61 trillion
Revenue (TTM): $554.03 billion
Net Income (TTM): $20.08 billion
1-year Trailing Total Return: 62.6%
Exchange: Nasdaq
Year Founded: 1994

Amazon (AMZN) is an ecommerce retailer that sells a broad range of products and services globally and is the world’s biggest provider of cloud computing services. Its ecommerce business includes merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

Amazon Web Services, launched in 2006, generates the majority of the company ‘s operating profits, providing cloud services to businesses, government agencies, and academic institutions.

Amazon offers various subscription services and web services as well, including its cloud computing service and fast-growing streaming entertainment business. The company also manufactures and sells electronic devices, such as Kindle e-readers, Fire tablets, Fire TV, and Echo and Alexa. Amazon sells groceries through its subsidiary, Whole Foods.

A company’s market cap is calculated by multiplying the number of shares outstanding by the current market price of a single share.

6. Nvidia (NVDA)

Market Cap: $1.47 trillion
Revenue (TTM): $44.88 billion
Net Income (TTM): $18.89 billion
1-year Trailing Total Return: 246.4%
Exchange: Nasdaq
Year Founded: 1993

Nvidia (NVDA) designs and develops graphics processors and related software. It was a pioneer in the development of the graphics processing unit (GPU), whose initial applications were most used for PC graphics and video games. The capabilities of the GPU are now being leveraged for use in AI and machine-learning applications.

The company offers products and platforms comprised of hardware, software, services, and more to serve the gaming, professional visualization, data center, and automotive markets. Nvidia GPUs have also featured prominently in cryptocurrency mining.

7. Meta Platforms (META)

Market Cap: $985.41 billion
Revenue (TTM): $126.96 billion
Net Income (TTM): $29.73 billion
1-Year Trailing Total Return: 172.3%
Exchange: Nasdaq
Year Founded: 2004

Meta Platforms (META) is the owner of Facebook, the world’s largest social media network. Meta provides products and digital platforms that enable individuals and businesses to connect with family and friends through mobile devices, personal computers, virtual reality headsets, and in-home devices.

In addition to Facebook, it also owns Instagram, Messenger, and WhatsApp. The company also operates Facebook Reality Labs, which offers augmented and virtual reality (VR) products.

Meta is also investing in and building the metaverse, an expansive virtual world that combines aspects of social media, online gaming, augmented reality (AR), VR, and cryptocurrencies.

8. Berkshire Hathaway (BRK.A/BRK.B)

Market Cap: $798.46 billion
Revenue (TTM): $395.95 billion
Net Income (TTM): $76.81 billion
1-year Trailing Total Return: 13.5%
Exchange: New York Stock Exchange (NYSE)
Year Founded: 1839

Berkshire Hathaway (BRK.A/BRK.B) began with the merger of two regional textile companies in the 19th century. Only much later was it purchased by legendary investor Warren Buffett and converted into a conglomerate holding company.

Berkshire Hathaway today owns a large number of subsidiaries engaged in insurance, freight rail transportation, retailing, and utility and energy generation and distribution. The company also operates manufacturing businesses that make products for industrial uses, construction, and for consumers.

9. Tesla (TSLA)

Market Cap: $674.54 billion
Revenue (TTM): $95.92 billion
Net Income (TTM): $10.79 billion
1-year Trailing Total Return: 88.7%
Exchange: Nasdaq
Year Founded: 2003

Tesla (TSLA) is a leading manufacturer of electric vehicles, which include the following models:

Model 3, a four-door, mid-size sedan designed and priced for mass-market appeal
Model Y, a compact sport utility vehicle (SUV) that seats seven adults
Model S, a four-door, full-size sedan
Model X, a mid-size SUV with seating for up to seven adults

The company’s has been developing and manufacturing its Cybertruck and Tesla Semi, a commercial EV. Tesla also produces solar panels, provides solar energy generation, and supplies energy storage products.

10. Eli Lilly and Company (LLY)

Market Cap: $596.71 billion
Revenue (TTM): $32.07 billion
Net Income (TTM): $4.99 billion
1-year Trailing Total Return: 76.5%
Exchange: NYSE
Year Founded: 1987

Eli Lilly and Company (LIL) is one of the world’s leading pharmaceutical companies. Usually called just Lilly, the company is based in Indianapolis, Indiana. It researches, develops, manufactures, and markets human pharmaceuticals for the global market.

Lilly’s product lines focus on diabetes, oncology, immunology, and neuroscience. It also caters to health markets, including treatments for COVID-19, male sexual dysfunction, and osteoporosis in menopausal women.

What Are the Biggest Companies in the World by Revenue?

While many people are interested in ranking companies by market value or market cap, the top companies by revenue differ somewhat. This could be because they are more capital-intensive and have lower profit margins. It could also mean that they are more mature companies with fewer growth prospects.

The top five companies by annual revenue as of Q1 2024, are:

Walmart (WMT): $608.79 billion
Saudi Aramco (2222.SR): $501.65 billion
Amazon (AMZN): $554.03 billion
Sinopec (600028.SS): $473.5 billion
PetroChina (601857.SS) $435.3 billion

What Are the Biggest Companies in the World by Number of Employees?

Walmart is the world’s largest employer, with over 2.1 million global workers.

The top 5 companies in the world by employee count as of Q1 2024 are:

Walmart (WMT): 2.10 million
Amazon (AMZN): 1.54 million
Hon Hai Precision Industry (OTCMKTS: HNHPF): 767,062
Accenture (ACN): 733,000
Volkswagen (OTCMKTS: VWAGY): 675,805

What Is the Biggest Company on Each Continent?

The largest company by market cap on each continent as of Q1 2024 (excluding Antarctica) are as follows:

North America – Microsoft (MSFT): $3.0 trillion
South America – Petrobras (PBR): $105.0 billion
Europe – Novo Norodisk (NVO): $478.4 billion
Asia – Saudi Aramco (2222.SR): $2.06 trillion
Africa – Naspers (NPN.JO): $29.3 billion
Australia – BHP Group (BHP): $155.7 billion

The Bottom Line

The biggest companies in the world today are worth several trillion dollars. This makes these companies larger and more valuable than some countries’ entire economies. Today, tech and energy companies dominate the biggest corporations in the world. In the past, trading companies, railroads, and steelworks dominated. Time will tell if these high flyers can stay in the top positions and which industries emerge to challenge these coveted positions.

The post Biggest Companies in the World by Market Cap appeared first on Livemint News Today.

Davos 2024: Top quotes from tech world’s leading minds on artificial intelligence

Admin — Sun, 21 Jan 2024 00:31:00 +0000

The political and business elites of the world gathered at Davos, Switzerland, this week for the annual World Economic Forum meet.

In all, about 60 heads of state and 800 CEOs were in attendance among a total of 2,800 participants, as they discussed wide-ranging issues — from climate change to economic slowdowns — at both formal and informal gatherings.

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Here are some of the top quotes from the event pertaining to artificial intelligence and what lies in store for us:

AFP

Microsoft CEO Satya Nadella

“There seems to be a broad consensus that is emerging [around AI]. The world is coming together and saying we need new technology, we need some guardrails and we need norms of how we deploy this technology. That combination of private innovation with a safety-first approach to engineering and regulation to ensure that the broad societal benefits are amplified and the unintended consequences are dampened, would be the way forward,” said Satya Nadella, CEO, Microsoft.

AFP

OpenAI CEO Sam Altman

“It’s a good sign that even at AI’s current, extremely limited capability levels, lots of people have found ways to get value out of it and also understand the limitations…There’s a harder question than the technical one, which is who gets to decide what the values (governing AI) are. That’s a big societal question,” said Sam Altman, CEO, OpenAI.

Discover the stories of your interest

Ruth Porat, CFO, Alphabet

Ruth Porat, CFO, Alphabet

“AI has the potential to be the great equaliser. We have opportunities ahead of us to address pain points (in healthcare and climate) and to address the sustainable development goals,” said Ruth Porat, CFO, Alphabet.

TIMESOFINDIA.COM

Arvind Krishna, CEO, IBM

“India will be at the forefront of AI deployment. Given the scale of India’s data sets, it will be remarkably useful. We are a firm believer that India will be a massive beneficiary of AI. The workforce that is going to deploy AI will come from India,” said Arvind Krishna, CEO, IBM.

Agencies

Neal Mohan, CEO, YouTube

“A third of humanity is going to go to the polls in one way or the other this year. The advent of this [generative AI] technology will lead to amazing things but will also be a tool that will be in the hands of bad actors,” said Neal Mohan, CEO, YouTube.

AFP

Marc Benioff, CEO, Salesforce

“All the training data has been stolen. Let the content creators get paid fairly for their work. That bridge has not yet been crossed and that’s a mistake by the AI companies,” said Marc Benioff, CEO, Salesforce, and owner of Time magazine.

AFP

Julie Sweet, CEO, Accenture

“AI will create a lot of new jobs but you won’t be able to take the current people and put them in these jobs unless governments and companies partner together on reskilling,” said Julie Sweet, CEO, Accenture.

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Top 10 Biggest Companies In The World By Market Cap In 2024 – Forbes India

Admin — Thu, 18 Jan 2024 04:02:02 +0000

In the ever-evolving landscape of the global economy, the top companies by market cap have become a subject of interest for investors, market enthusiasts, and even casual observers. In this article, you will find a complete summary of the top 10 companies by market capitalisation in 2024, offering a glimpse into their sectors.

Top 10 Companies by Market Cap in 2024

Which one is the biggest company in the world by market cap? It’s Apple, of course—the enterprise has taken the tech world by storm for decades. Here’s a list of the top 10 companies by market cap in 2024 (as of January 18, 2024):

Also Read: Top 10 companies in India by market valuation in 2024

Company	Sector	Market Cap (in USD)
#1 Apple	Technology	$2.894 trillion
#2 Microsoft	Technology	$2.824 trillion
#3 Saudi Aramco	Oil & Gas	$2.062 trillion
#4 Alphabet (Google)	Technology	$1.778 trillion
#5 Amazon	E-commerce	$1.567 trillion
#6 Nvidia	Technology	$1.384 trillion
#7 Meta Platforms	Social Media	$946.65 billion
#8 Berkshire Hathaway	Diversified Investments	$781.83 billion
#9 Tesla	Automotive	$685.21 billion
#10 Eli Lilly	Pharmaceuticals	$597.02 billion

Here, we take a more detailed look at the top 10 companies by market cap we reviewed in the table above.
Also Read: The top 10 richest people in the world in 2024

Apple

Current CEO: Tim Cook
Year of Foundation: 1976
Country: USA

Apple Inc. is the biggest company in the world by market cap. The company is renowned for its groundbreaking products, such as the iPhone, iPad, and Mac, and they consistently push the boundaries of technology innovation. The company’s commitment to innovation and high-quality design has made it a consumer favourite and a titan among the top companies by market cap.

Microsoft

Current CEO: Satya Nadella
Year of Foundation: 1975
Country: USA

Microsoft Corporation offers many products and services, including its flagship Windows operating system and Office software suite. Microsoft’s influence extends beyond software, with ventures into cloud computing and hardware, solidifying its place among the largest companies by revenue.Also Read: The top 10 largest economies in the world in 2024

Saudi Aramco

Current CEO: Amin H. Nasser
Year of Foundation: 1933
Country: Saudi Arabia

Saudi Aramco operates in the oil and gas sector. With the third biggest market cap across the globe at the moment, it is the backbone of Saudi Arabia’s economy. Saudi Aramco’s vast oil reserves and strategic location in the Middle East contribute to its position among the global market leaders.

Alphabet (Google)

Current CEO: Sundar Pichai
Year of Foundation: 2015
Country: USA

Google’s parent company, Alphabet Inc., has a diverse portfolio that includes search engines, online advertising technologies, cloud computing, software, and hardware. Google’s ubiquitous presence in the digital world contributes to Alphabet’s position among the top companies by market cap.Also Read: The 10 most followed Instagram accounts in the world in 2024

Amazon

Current CEO: Andy Jassy
Year of Foundation: 1994
Country: USA

Amazon.com Inc. is the world’s largest e-commerce company. It has diversified into cloud computing, digital streaming, and artificial intelligence. Amazon’s extensive product offerings and its dominance in online retail make it a key player among the top companies by market cap.

Nvidia

Current CEO: Jensen Huang
Year of Foundation: 1993
Country: USA

Nvidia has gained widespread popularity recently as its profits buoyed above most industry contemporaries. The company has always been a leader in making stand-alone GPUs; its GPUs or graphics processing units are integral for generative AI platforms like OpenAI’s ChatGPT and Google’s Bard. Also Read: The 10 largest banks in the world in 2024

Meta Platforms (Facebook)

Current CEO: Mark Zuckerberg
Year of Foundation: 2004
Country: USA

Facebook Inc., renamed Meta Platforms, is a social media giant. It owns multiple platforms, including Instagram, WhatsApp, and the Oculus Metaverse. Meta aims to push the concept of the metaverse into the mainstream, promoting a virtual 3D place that’d offer lifelike experiences. Thus, Meta’s Oculus division brings a seamless virtual experience where users can participate in real-world activities.

Berkshire Hathaway

Current CEO: Warren Buffett
Year of Foundation: 1839
Country: USA

Berkshire Hathaway Inc. is a diversified investment company. It owns many businesses and is led by Warren Buffett, one of the world’s most successful investors. Berkshire Hathaway’s diverse portfolio and strong leadership contribute to its high market cap.\

Tesla

Current CEO: Elon Musk
Year of Foundation: 2003
Country: USA

Tesla Inc., an automotive and energy company, is known for its electric vehicles and clean energy products. Tesla’s commitment to sustainable energy solutions and innovative approach to automotive design has made it a leader in its sector.

Eli Lilly

Current CEO: David A. Ricks
Year of Foundation: 1876
Country: USA

Eli Lilly and Company is an American pharmaceutical company founded in 1876 by Colonel Eli Lilly. It is headquartered in Indianapolis, Indiana, and has offices in 18 countries. Its products are sold in approximately 125 countries.

TSMC

Current CEO: C. C. Wei
Year of Foundation: 1987
Country: Taiwan

Taiwan Semiconductor Manufacturing Company (TSMC) is a leader in the semiconductor industry. It is the world’s largest dedicated independent (pure-play) semiconductor foundry. TSMC’s advanced manufacturing capabilities and role in supplying key components for a wide range of electronic devices make it a key player among the top companies by market cap.

HSBC Holdings plc

Current CEO: Noel Quinn
Year of Foundation: 1865
Country: England

HSBC Holdings is a multinational banking and financial services company headquartered in London, UK. It is one of the largest banking and financial services companies in the world, with operations in over 80 countries and territories.

FAQs

Q.1. What is the market cap of $1 billion?A market cap of $1 billion indicates that the total value of all a company’s shares of stock is worth $1 billion.Q.2 What factors contribute to a company’s market cap? A company’s market cap is determined by the total value of its outstanding shares of stock. This value is influenced by the company’s current stock price, which can be affected by various factors, including the company’s earnings, the economy, and investor sentiment.Q.3 How often does the list of top companies by market cap change? The list of top companies by market cap can change as frequently changing stock prices influence it. These changes can occur daily, and the list can look quite different from year to year.

The post Top 10 Biggest Companies In The World By Market Cap In 2024 – Forbes India appeared first on Livemint News Today.

Apple overtakes Samsung as world’s top smartphone seller

Admin — Wed, 17 Jan 2024 08:28:47 +0000

Apple has overtaken Samsung as the world’s top smartphone seller, ending the Korean tech firm’s 12-year run as industry leader.

The iPhone took the top spot in 2023 with 234.6m units sold, according to figures from the International Data Corporation (IDC), overtaking Samsung’s 226.6m units.

IDC said the crowning of Apple, which released the iPhone 15 in September, was due to trends including the increasing popularity of high-end devices, which now account for more than 20% of the market.

“The last time a company not named Samsung was at the top of the smartphone market was 2010, and for 2023 it is now Apple,” IDC said. “A sort of shifting of power at the top of the largest consumer electronics market was driven by an all-time high market share for Apple and a first time at the top.”

The $2.8tn (£2.2tn) US tech company commanded a 20.1% market share ahead of Samsung’s 19.4%, the IDC said. Apple is well established as the largest smartphone maker in terms of revenues and profits but this is the first time it has led the market in terms of volume.

The sales data came before the latest release of Samsung models on Wednesday, with the South Korean conglomerate expected to release the Galaxy S24, S24 Plus and S24 Ultra with artificial intelligence-backed features.

Ben Wood, the chief analyst at the research firm CCS Insight, said the IDC data was a “psychological” blow to Samsung but he expected the contest to remain tight this year.

“I think it will remain a close-fought battle throughout 2024, but there is little doubt that Apple is on a strong trajectory and the loyalty consumers have towards Apple devices means once they get one they seldom switch to something else,” he said.

Wood said the data gave extra weight to the importance of Samsung’s Wednesday product launch.

“This means Samsung needs to do everything it can to hold on to existing users as well as securing new customers for its devices.”

IDC also pointed to an increasingly fragmented market for smartphones that run on the Android operating system, citing low-end Samsung rivals such as Transsion and Xiaomi as well as Honor and Google.

The success of Huawei’s well-received products in China also had an effect on Samsung’s drop in sales, the IDC said. The data provider added that Huawei remained a competitive threat to Apple in China, the US company’s largest market.

According to IDC, global smartphone shipments declined 3.2% to 1.17bn units in 2023, though the group said the industry was recovering after a sluggish period.

“Growth in the second half of the year has cemented the expected recovery for 2024,” the IDC added.

Last week, Apple was overtaken by Microsoft as the world’s most valuable company, at $2.9tn.

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Most Technologically Advanced Countries In The World 2023

Admin — Wed, 10 Jan 2024 22:28:12 +0000

Global Finance ranks the world’s countries by their technological advancement and capacity to develop and leverage cutting-edge technology.

The ever-growing battle for technological advantage and supremacy continues. In a year full of advances in artificial intelligence, virtual reality, green technology, Global Finance has a new set of scores and rankings for national technological strength based on a unique fusion of evaluative metrics.

Most Technologically Advanced Country In The World: South Korea

South Korea remains a world leader in technological advancement, again taking the top slot. Its consumer electronics giants invest heavily in research and development, while its citizens combine advanced technological skills with an innovative culture. East Asia is well-represented in the top 20, with Japan, Taiwan and Singapore.

Europe And Asia At The Forefront Of Technology

Developed Asian and European nations continue to dominate the top of the rankings. Apart from the United States (2), all the top 17 countries are among the wealthiest countries in one of those two regions. Taiwan jumped up a few spots to #3, due to increasing investment into research and development. Germany—known for its engineering prowess since before World War II—is now actively using that expertise in the field of green energy. Many of the world’s leaders in technological innovation are small political jurisdictions that are less able to rely on rich supplies of natural resources for economic power, such as the Nordic nations, Belgium, Switzerland and Japan.

Israel (6), with its robust startup ecosystem, also gained significantly. The relatively small nation continues to put immense investment into research and development. Israeli companies are advancing rapidly in life sciences, military technology and other sectors, and the country has become a global leader—the world’s sixth largest hub—for raising tech capital. The UAE was a second Middle East standout, coming in at #18.

Japan (16), on the other hand, fell back significantly in the rankings because the percentage of its population that uses the internet is falling. Japan sports a notable reliance on analog in the public sector, and also declined in its Digital Competitiveness due to a lack of business technological agility and declining international experience in technology.

Diminished Expectations for Technological Innovation: China And India

The world’s most populous developing countries, both expected to see strong growth in technological progress, struggled in this year’s ranking, despite government support, deep scientific knowledge and significant technological expertise in various sectors.

China (41) and India (65) fell back in the rankings, despite prevailing wisdom that both would advance rapidly. China’s internet population, at around 73%, still falls very far below its economic peers such as Russia, Mexico, and Argentina or the group of most technologically advanced countries. While China invests significantly into research & development for critical technologies, it lacks the ability to utilize its population for greater technological advancement. The Chinese government has also cracked down on the private technology sector, limiting and even reducing its reach and size.

India, for its part, has invested very little of its country’s GDP into research and development. While the establishment of the National Research Foundation is designed to help increase investment and support for technological and scientific education and advancement, it may not play the pivotal role that India desires. To round it off, Brazil (55), Indonesia (59), and Russia (44) all continue to rank poorly and have made few if any gains in technological strength. Russia scores above average only in its percentage of population that uses the internet. The war with Ukraine has spurred an exodus of technological expertise, creating potential for a “brain drain” of technological and scientific professionals for years to come.

How We Rank National Technological Advancement

First, we incorporate two metrics that represent the technological breadth and adoption for a country: internet users as a percentage of a country’s population, and LTE (4G) users as a percentage of the population. This combination illustrates the availability of internet use for the wider population and counters the over-reliance on measuring the strength of only high-tech industries and institutions. The third metric is a Digital Competitiveness Score, created and compiled by the IMD World Competitiveness Center. This conglomeration is based on multiple factors including technological knowledge, current technological strength, and readiness/capability to create and advance new innovations. Essentially, it measures a country’s current technological environment and its prospects for future success.

The final metric is the portion of GDP spent on research and development (R&D), which represents both the government’s investment into the future technological development as well as the desire to compete for future advancement. All of these metrics combine to rank countries by both their vanguard of technological capabilities but also their populations’ mastery of said technologies.

The scores provide some insights into where countries differentiate themselves from those below them. As opposed to one year ago, the differences are now more pronounced in the Digital Competitiveness Score and the Research & Development investment. These factors have seen increasing breadth between the top countries and the bottom countries. Meanwhile, the differences between the top countries and bottom countries have decreased in both LTE penetration and Internet users as a percent of the population. This makes sense as once a country expands its internet and LTE base to nearly 100%, it is impossible to keep going up. Meanwhile, developing countries can gain ground by expanding their internet access.

World’s Most Technologically Advanced Countries And Territories

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World Economic Forum Identifies AI-Driven Misinformation As Top Global Threat: Report

Admin — Wed, 10 Jan 2024 14:14:05 +0000

The World Economic Forum (WEF) has said the surge in AI-driven misinformation and disinformation is the primary short-term threat to the global economy, particularly in its potential impact on crucial upcoming elections, the media has reported. In a notably gloomy evaluation, the organisation hosting its annual meeting in Davos next week, voiced apprehension about the potential disruption of politics due to the proliferation of false information. This could result in scenarios such as riots, strikes, and government-led crackdowns on dissent, says a report by The Guardian.

It should be noted that elections are taking place this year in countries that represent 60 per cent of global GDP, including India, Britain, the US and the EU and the WEF said the nexus between falsified information and societal unrest will take centre stage at the time of campaigns. According to the WEF’s yearly risks report, the report added, based on the insights of 1,400 experts, 30 per cent of respondents perceive a high risk of a global catastrophe in the next two years. Additionally, two-thirds express concerns about a disastrous event occurring within the coming decade.

“An unstable global order characterised by polarising narratives and insecurity, the worsening impacts of extreme weather and economic uncertainty are causing accelerating risks – including misinformation and disinformation – to propagate,” Saadia Zahidi, a managing director of the WEF, was quoted as saying by The Guardian.

The report, created in collaboration with Zurich Insurance and professional services firm Marsh McLennan, assesses risks over both a two-year and a 10-year timeframe.

The World Economic Forum highlighted that apprehensions about the enduring cost of living crisis, coupled with the interconnected risks of disinformation and polarized societies, were the predominant factors shaping the outlook for 2024.

Misinformation refers to information that is false or inaccurate, whereas disinformation involves intentionally false content created to propagate propaganda and instill fear and suspicion.

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10 Best Technology Mutual Funds Of January 2024

Admin — Wed, 03 Jan 2024 18:42:43 +0000

Using a Morningstar screen, we created a list of the 42 technology mutual funds. Next, we selected only funds with Morningstar neutral to gold ratings and three to five star fund ratings.

There were a multitude of share classes with many levying 12b-1 fees and front end loads or commissions. We considered only no load funds.

That reduced our list to 28 technology mutual funds. Included on the list were broad tech funds and a few funds focused on narrow industry segments such as semiconductors or information systems.

We considered funds holding U.S. stocks as well as those with companies based outside the U.S., and we looked for funds that outperformed their Morningstar category.

Since there weren’t enough funds that met all of our criteria and that are also accessible directly by individual investors, we also included funds available through advisors and certain brokerages or company sponsored retirement plans as well.

You can typically still access a fund on your own by investing via, say, A-class shares, which may cost more and whose returns are fractionally lower than Advisor-class shares.

Our final list of 10 mutual funds includes those that charge fees that are around average or are below average. They also boast category-beating performance. The majority can be bought by individuals, and many of the Fidelity funds can be purchased at Fidelity.com without transaction fees.

The editor owned shares of the Fidelity Select Semiconductors Portfolio when this article was published. He held no positions in the other securities discussed in the post at the original time of publication.

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Top 10 Biggest Tech Hubs In The World In 2024 – InApps

Admin — Tue, 02 Jan 2024 02:06:00 +0000

When it comes to the biggest tech hubs in the world, you may instantly think of Silicon Valley, USA – the undisputed king of tech hubs, Silicon Valley is home to giants like Apple, Google, Facebook, and Tesla. However, what are some other biggest tech cities in the world?

But first, how do you define “biggest tech hubs”? Cities being considered Innovation Hubs have been influenced by factors such as proximity to a research-intensive university and access to a vibrant and energetic lifestyle that will attract young professionals, thereby contributing to a skilled talent pool. Aside from Silicon Valley/San Francisco, what are some other cities that satisfy our Top 10 Biggest Tech Hubs In The World requirements?

1. New York

The NYC tech journey began in the 1990s with Internet companies like Prodigy, Razorfish, DoubleClick, Yoyodyne, and The Mining Company (later About.com) dominating the dot.com landscape. Venture capitalists like Fred Wilson and Jerry Colonna contributed to the growth through Flatiron Partners, a leading venture capital firm.

The late 1990s saw a burst of startup activity across various industries, but the subsequent dot.com market collapse led to a decline. However, the city’s tech scene rebounded in the 2000s, led by industries such as media, finance, and retail, and new media ventures like BuzzFeed, Vice, and Vox Media.

Notable companies like Etsy, Gilt Groupe, Artsy, Kickstarter, Birchbox, and Warby Parker emerged between 2005-2010, boosting the tech landscape. During this period, tech jobs increased by 28.7%, and venture capital investments in NYC-based startups grew by 32%. By 2015, NYC’s tech scene continued its exponential growth, with significant investments in companies like WeWork, highlighting the city’s evolving status as a tech hub.

New York – Largest tech hubs in the US

Attractive government policies play a huge part in transforming the tech landscape in NY. In 2022, The NYC Economic Development Corporation (NYCEDC) and Cornell Tech launched the “Pilot: New York City” initiative to establish NYC as a global hub for urban innovation. This initiative focuses on streamlining processes and collaboration across sectors to accelerate urban innovation

New York City is currently home to major tech companies like Peloton, West Monroe, ZS, Blackline, Calm, Braze, Teachable, Celonis, JPMorgan Chase, and Datadog. These companies span various tech sectors, including digital media, professional services, health tech, fintech, and artificial intelligence. In 2021, the NYC tech ecosystem employed 369,000 people across tech and non-tech sectors, accounting for 7% of the city’s entire workforce. The average hourly wage in the tech ecosystem is $48/hour, significantly higher than the citywide average

2. Shenzhen, China

Often called “China’s Silicon Valley,” Shenzhen is a booming tech hub that’s home to companies like Huawei, Tencent, and ZTE.

Shenzhen when it was a fishing village

Shenzhen was originally a small fishing village in southern China’s Guangdong province. This city then went on to evolve from humble beginnings into a global manufacturing hub. In 1980, Shenzhen was designated as China’s first Special Economic Zone, kick-starting its journey towards becoming a massive manufacturing center. The city has now become a major manufacturing center for electronics and other tech products like gadgets, computers, and phones for foreign firms, including giants like Apple and Samsung.

Huawei Corp., one of the largest global suppliers of telecom equipment and the biggest manufacturer of mobile devices in China boasts an expansive main office in Shenzhen. The city is also home to other prominent tech giants, including Tencent Holdings, Baidu Inc., ZTE Corp., DJI Technology, and many other internationally acclaimed companies.

Shenzhen now

Shenzhen boasts a massive pool of tech talent, estimated at over 12 million in 2023 and still growing. Tech workers in this city are renowned for their expertise in hardware manufacturing, electronics, and telecommunications. The tech hub is home to numerous prestigious universities like Southern University of Science and Technology (SUSTech), so it’s no wonder this tech hub attracts countless IT students each year. The overall enrollment will be over 2 million in 2023. IT programs in China typically focus on technical skills, such as programming and software development.

Amid rising tensions between China and the US, the Chinese government has proposed a 20-point plan to boost funding for local tech companies in Shenzhen. They also seek help from Hong Kong which is a renowned financial hub in the world.

3. London

London, home to Alicorn’s headquarters, has evolved beyond being just Europe’s global financial center and is rapidly becoming one of the biggest tech hubs in the world. Today, many consider the city to be the world’s third most crucial innovation center behind New York and Shenzhen.

London tech firms attracted $19.8 billion in VC funding in 2022, a substantial amount despite the economic downturn. The city contributed significantly to the total UK tech funding, which amounted to $29.9 billion in 2022. London’s fintech sector was particularly strong, raising a total of $9.7 billion, more than any other city globally, and accounting for 42% of all European fintech funding.

London – Biggest tech hubs in the world

The new Innovator Founder visa was effective from April 13, 2023. This visa combines the best aspects of the Start-up and Innovator visa categories, eliminating the requirement to show initial capital for investment and allowing individuals to undertake additional work. Unlike the Start-up visa, time spent in the UK under this new route counts towards qualifying for indefinite leave to remain, offering a more advantageous path to settlement in the UK.

* Start-up visa: In 2019, London launched a two-year visa route that allows early-stage but high-potential entrepreneurs to enter the country and establish a business to entice potential investors.

If you’re about to launch a startup, London has three things going for you: easy access to investors, consultants, and experts; networking opportunities; and a great talent pool. Meanwhile, if you are an established entrepreneur, you can benefit from the guidance of the city’s 125 incubators, which can help you grow your business even further. You can go to startups.co.uk to find more information regarding these incubators.

4. Bangalore, India

Nicknamed “India’s Silicon Valley,” Bangalore is a major center for IT and outsourcing. It’s home to companies like Infosys, Wipro, and Accenture, and it’s also attracting startups in fields like e-commerce and mobile technology.

What catapulted Bangalore’s IT sector growth is the liberalization of imports and exports of software and hardware. Between 1991 and 1997, the government reduced trade barriers and actively supported the growth of the software industry with measures like establishing export zones. Following that, software companies like Wipro and Infosys began to establish themselves in Bangalore, attracting Indian programmers and setting the stage for future growth. In 1985, Texas Instruments Inc. started its operations, marking the first multinational corporation to set up a development center in the city, leading to many more following suit.

In recent years, Bangalore has accounted for 35% of the global in-house centers in India and employed approximately 4.1 million people across India. An estimate of $40 billion worth of R&D has been done in the city with many major R&D centers of global companies like Amazon, IBM, Microsoft, Tesco, Nokia, and Siemens set in Bangalore.

The government has played a significant role in fostering this IT ecosystem. Initiatives like Startup India, launched in 2016, provided monetary aid for startups, while the Karnataka Startup Policy aimed to stimulate the growth of tech startups in the region. The “Make in India” movement, introduced in 2014, encouraged self-sufficiency and boosted manufacturing capacity.

The government’s economic liberalization policies, along with the elimination of illegal business practices and the introduction of demonetization in 2016, further accelerated the growth of online payment portals and fintech companies in Bangalore.

5. Tel Aviv

Tel Aviv is emerging as a leading global tech hub, boasting the highest number of startups per capita in the world. The city hosts over 100 foreign R&D and innovation centers, including those of Amazon, Barclays, Facebook, and Google. It has notably established itself as a significant hub for AI development, with AI firms constituting over 40% of the city’s startups and employing a significant portion of the workforce. This growth spans several industries, including medical, automotive, aerospace, and cybersecurity.

Tel Aviv – Best tech cities in the world

Speaking of cybersecurity, Israel is a powerhouse in exporting cybersecurity products worth up to US$6.5 billion annually. This country was leading educational initiatives with the first Ph.D. program in cybersecurity and six university research centers. The Israeli government actively supports local businesses and startups, providing secured loans and encouraging market entry for institutional investors. Programs like the Ideation (Tnufa) Incentive Program assist entrepreneurs in developing innovative concepts, offering substantial grants and supporting both domestic and international entrepreneurs.

In detail, the Tnufa fund, catering to entrepreneurs within and outside Israel, promotes business ideas without incurring debt. Amidst the COVID-19 crisis, the Israeli government launched a support plan exceeding US$462 million, including over US$200 million specifically for small and medium-sized businesses. This initiative saw Israeli companies and startups raise nearly US$9.5 billion in capital in 2020.

6. Singapore

Singapore’s land area isn’t as large as Tokyo’s or Shanghai’s, but it’s an Asian financial and technology powerhouse. What the city-state lacks in size, it more than makes up for tenacity. Singaporeans are among the most hardworking people in the technology industry.

In 1981, the government started the Civil Service Computerisation Programme (CSCP) to increase the use of IT in different areas. Singapore’s transformation into a tech hub began ever since.

Amazon
Microsoft
ByteDance
Grab
Sea
Razer

These companies span various sectors like e-commerce, artificial intelligence, and social media, contributing significantly to the city-state’s robust tech ecosystem.

Alongside large corporations, the city-state has a thriving startup scene with over 4,000 startups. The information and communications sector alone was the seventh-largest contributor to Singapore’s economy in 2021, highlighting the significant role of tech workers in the nation’s economic landscape. Projections indicate that the tech industry could support almost 45,000 jobs in Singapore by 2027.

Toronto is a major financial and tech hub in Canada. It’s home to companies like Shopify, BlackBerry, and Manulife, and it’s also attracting startups in fields like AI and machine learning.

Toronto is home to many world-class universities like the University of Toronto and the University of Waterloo. These institutions have been instrumental in producing top talent in research and engineering for a thriving tech ecosystem. Many tech giants such as Shopify, Google, Apple, and Stripe have established their place here in Toronto – one of the world’s largest hubs of innovation and technological advancement.

As mentioned above, Toronto is particularly recognized as the “AI Capital of the World,” thanks to its world-class research and development in artificial intelligence. The city’s tech hub is known for its diverse workforce, drawing tech professionals from around the world and fostering a rich exchange of ideas and innovation.

Startup incubators like MaRS Discovery District nurture startups, providing them with resources, mentorship, and networking opportunities. Government initiatives and tax incentives have played a crucial role in fostering tech growth in the city. This robust support system makes Toronto an ideal breeding ground for startups and an attractive destination for entrepreneurs looking to turn innovative ideas into reality

8. Stockholm, Sweden

Ranking 9th on the list is Stockholm which is a major tech hub in Scandinavia. Stockholm is celebrated as Europe’s most innovative city and boasts one of the best startup ecosystems worldwide.

The city’s commitment to tech competence began in the 1990s, with substantial investments in digital infrastructure and tax incentives to encourage home computer purchases. Today, Stockholm boasts a digitally-savvy population and one of the world’s largest fiber networks, providing secure and low-cost high-speed internet access

The city has been the starting point for several tech giants. Ericsson, the first tech company globally, continues to lead in telecommunications. Klarna, a major fintech player, and Spotify, a leader in music streaming, are other notable examples of Stockholm’s tech giants

Stockholm houses nearly 3,000 startups and scaleups and has more tech unicorns per capita than any region globally, except Silicon Valley. The city’s tech workforce is substantial, with 101,000 tech employees, illustrating its prominence as a tech hub.

Government policies in Sweden have played a crucial role in fostering this tech-friendly environment. A focus on green technology, life sciences, and research funding through agencies like Vinnova, the Knowledge Foundation, and the Swedish Agency for Economic and Regional Growth have been instrumental in this regard. Infrastructure policies, like the broadband strategy aiming for nationwide high-speed internet access by 2025, have also been pivotal

9. Tokyo

Tokyo is quickly becoming another hotspot for tech startups. Japan has been the world’s most active industrial robot manufacturer for decades, producing more than half of the global robotic supply. Today, Japan is one of the best places for fintech and other tech startups to make a name for themselves. According to the Global Financial Centres Index, the country is the third most competitive financial center globally.

Furthermore, the Tokyo Metropolitan Government established the Tokyo Financial Award in 2017. The award is given to financial institutions that provide innovative products and services that meet the needs of the people of Tokyo. It also aids in the promotion of ESG investments in the city. You can check out the Tokyo Financial Award 2023 on their official website.

Tokyo – Best tech cities in the world

10. Ho Chi Minh

Last but certainly not least, Ho Chi Minh City – the fastest-growing city in Vietnam and the mighty city in Asia. This city, the economic heart of Vietnam, is rapidly transforming into a significant tech hub in Southeast Asia.

The city’s status as Vietnam’s commercial capital helps it attract a steady supply of workers for fields like professional services, IT, and hospitality.

The Vietnamese IT market boasts over 530,000 IT engineers, with 153 universities and IT training institutes producing approximately 50,000 IT graduates annually. Ho Chi Minh City accounts for about 55.3% of the country’s IT workforce, with the majority of software developers falling within the Millennial age bracket.

Plus, a variety of IT companies, including InApps Technology, Orient Software, Saigon Technology, TP&P Technology, etc are located in this busy technology hub. These companies specialize in various aspects of technology ranging from software development to digital innovation

Of course, the Vietnamese government has been instrumental in Ho Chi Minh City’s development into a smart city. With its national e-commerce transformation plan, the government aims to grow online businesses by up to 43% within the next five years. The city is also developing key smart city elements like a shared database, a smart city operations center, and centers for socioeconomic forecasts, simulation, and information safety.

Ho Chi Minh City is attracting foreign investment and collaboration, as seen with multinational firms like Joon Solutions expanding their operations to the city.

Conclusion

I hope this article on the biggest tech hubs in the world broadens your knowledge and answers your quest on which tech hubs are the biggest on a world scale. If you’re looking for the best in Ho Chi Minh Outsourcing, consider InApps. When you choose InApps for your outsourcing project, you will receive competitive pricing, complete transparency, and expert advice from our teams.

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