Once again three Swiss companies among the 100 most expensive in the world
Keystone-SDA
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January 3, 2025 – 10:29 3 minutes
DeutschdeErneut drei Schweizer Unternehmen unter den 100 teuersten der Welt
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Read more: Erneut drei Schweizer Unternehmen unter den 100 teuersten der Welt
+ Get the most important Swiss news directly in your inboxThe dominance of the United States is becoming increasingly clear.As in previous years, Roche, Nestlé and Novartis were the Swiss representatives among the “Top 100” most valuable listed companies in 2024. However, according to the compilation published on Friday by the auditing and consulting firm EY as at December 31, they slipped further down the list. + Read more: what’s on the Swiss economic horizon in 2025?Overall, the 100 most expensive companies are worth $44.9 trillion, 25% more than in the previous year.Roche is now ranked 46th after 43rd place, while Nestlé has lost even more ground and is now only ranked 51st after 27th place last year. Novartis is ranked 66th (2023: 53rd place).A total of 15 Swiss companies made it into the “Top 500”, including ABB (165th place), UBS (169th place), Richemont (185th place) and, further down the list, Holcim (351st place) and Swiss Re (463rd place).However, the dominance of the US in this ranking is becoming increasingly clear. A total 62 of the 100 most expensive companies now come from America – no European company made it into the top 10. Saudi Aramco is the only company in the top ten that does not come from the US.According to EY, this record hunt on the stock markets is being fueled by the AI boom. This is driving up the valuations of many companies in the tech sector. This is also reflected in the market capitalization. At $20.16 trillion, the tech sector clearly accounts for the lion’s share.More
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How US heavyweights can help grow the Swiss AI sector
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The arrival of AI firms, OpenAI and Anthropic, raises hopes that Switzerland has the firepower to forge a prominent role in the industry.
Read more: How US heavyweights can help grow the Swiss AI sector
Accordingly, 24 of the top 100 companies come from this sector, 18 of which are based in the USA. Apple is the undisputed leader, followed by Nvidia and Microsoft. Nvidia in particular has clearly worked its way up the rankings: in 2023, the chip manufacturer was still in 6th place, while a year earlier it was only in 17th place.Among tech companies, Europ