Here is a list of some companies that continued to expand their capital, even during the poorly hit global financial markets amidst the COVID-19 pandemic.
1.TESLA
Industry: Consumer Durables, Headquarters: Palo Alto, California, US,
Market Capitalisation Value: $108.4 Bn
Founded by Elon Musk, the company promises to upend the entire model of car ownership with the formation of self-driving Robo taxis that would charge by the mile.
2. Amazon
Industry: Retailing, Headquarters: Seattle, Washington, US
Market Capitalisation $401.1 Bn
With Jeff Bezos as its CEO, Amazon reportedly the accelerated shift to online shopping and the increased importance of its cloud computing business in the distant work era drove Amazon’s stocks to all-time highs.
3. Tencent
Industry: IT-Software & Services, Headquarters: Shenzhen, China
Market Capitalisation: $93 Bn
Tencent’s online gaming revenues rose 3% in the first quadrant, and it’s video subscriber figures increased up to 112 Mn. Ma Huateng is currently its CEO.
4. Apple
Industry: Technology Hardware & Equipment, Headquarters: Cupertino, California, US
Market Capitalisation Value: $219.1 Bn
Inventor of iPhone, achieved to collect a $58.3 Bn revenue in the March quarter, despite closing all of its retail stores.
5. Facebook
Industry: IT Software & Services, Headquarters: Menlo Park, California, US
Market Capitalisation Value: $85.7 Bn
Zuckerberg’s Facebook saw a 39% rise in advertising impressions in the first semester of the year.
6. NVIDIA
Industry: Semiconductors, Headquarters: Santa Clara, California, US
Market Capitalisation: $83.3 Bn
Jen-Hsun Huang is the CEO of NVIDIA. He stated that hours spent playing games on Nvidia’s platforms jumped around 50% during lockdowns.
7. Alphabet
Industry: IT Software & Services, Headquarters: Mountain View, California, US
Market Capitalisation: $68.1 Bn
Even if advertising collapsed by the end of March, with Sundar Pichai as CEO, YouTube’s revenue was still growing by nearly 10%.
8.PayPal
Industry: Business Services & Supplies, Headquarters: San Jose, California, US
Market Capitalisation $65.4 Bn
Accoring to some reliable sources, in April, PayPal gained about 7.4 Mn net new users.
9.T Mobile
Industry: Telecommunications Services, Headquarters: Bellevue, US
Market Capitalisation $59.7 Bn
In the first quarter, Mike Sievert’s T-Mobile calculated an increase in about 452,000 postpaid phone subscribers.
