Samsung Electronics (005930.KS) briefly surpassed Meta, the parent of Facebook and Instagram, during intraday trading to break into the top 10 of global listed companies by market capitalization. The chipmaker has since slipped back to 11th place and is catching its breath.
According to U.S. market capitalization tracker CompaniesMarketCap on Tuesday, Samsung Electronics' market value swelled to $1.535 trillion as its shares rose 1.29% during the session. The figure topped Meta's $1.524 trillion, lifting Samsung Electronics from 11th to 10th place, if only momentarily.
Samsung Electronics has since returned to 11th place after minor share price fluctuations. But with the gap to ninth-ranked Tesla ($1.561 trillion) standing at just $26 billion, the company could climb further at any time depending on share price movements.
Trailing Samsung Electronics are U.S. memory chipmaker Micron ($1.170 trillion) and SK hynix (000660.KS) ($1.060 trillion). SK hynix slipped one notch from 12th to 13th place after its market cap declined on intraday losses Tuesday.
As of Tuesday, Nvidia firmly held the top spot in global market capitalization at $5.434 trillion. Alphabet ($4.513 trillion), Apple ($4.498 trillion), Microsoft ($3.420 trillion) and Amazon ($2.810 trillion) followed in second through fifth place. TSMC ($2.259 trillion), Broadcom ($2.177 trillion) and Saudi Aramco ($1.763 trillion) ranked sixth through eighth.
