![]() In the early days, Microsoft focused on software development and grew into a major player in this space. Much of Microsoft's success can be attributed to its ability to adapt to the changing landscape. 101 with a market cap below $100 billion. And the industrial Godzilla known as General Electric ( GE -0.25%) has lost most of its heft, falling all the way to No. 12 and 15, respectively.Ĭomputer networking veteran Cisco Systems ( CSCO 0.97%) has fallen far behind, watching the 35th position with a $209 billion market value. Both of these names are still in the top 20, ranked Nos. Retail titan Walmart ( WMT 0.50%) follows close behind at $380 billion. The next-largest name nowadays is energy giant ExxonMobil ( XOM 0.32%), with a relatively small $416 billion market value. The rest of the former champions on my list never reached a trillion-dollar market cap, let alone the two trillion Microsoft is worth today. ![]() Those are the only two market caps north of $2 trillion right now. Microsoft is running neck-and-neck with Apple ( AAPL -0.98%) at the very top of the mountain. They just can't keep up with Microsoft's game-changing success: ![]() Don't get me wrong - the next four runner-ups from 1999 are still respectable businesses with significant and often market-leading operation two decades later. The largest tech stock at the height of the dot-com bubble, Redmond is the only top-five finisher that still sports one of the market's five largest market caps in 2023. Few technology companies have been as consistently successful as Microsoft ( MSFT -0.12%). ![]()
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