Independent, data-driven fundamental analysis on global industry leaders.
Specifically focus on Technology and Biotechnology.
Global Top 100 by Market Capitalization
Top 100 US Companies by Market Capitalization
Article list:
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Top 100 US companies by market capitalization
Top 100 US companies by market capitalization (as of 2026/3/30) Ranking Company Ticker Market Cap. 1 NVIDIA NVDA 4.07T 2 Apple AAPL 3.66T 3 Alphabet (Google) GOOG 3.31T 4 Microsoft MSFT 2.65T 5 Amazon AMZN 2.14T 6 Broadcom AVGO 1.43T 7 Tesla TSLA 1.36T 8 Meta (Facebook) META 1.33T 9 Berkshire Hathaway BRK-B 1.01T 10…
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Global top 100 companies by market capitalization as of 2025/12/23
The table below presents the top 100 global companies by market capitalization. Please click on the links to access articles for each company. I will continuously update the articles for each company in the list. The global top 100 companies by market capitalization (as of 2025/12/23) Rank Company ticker 1 NVIDIA NVDA 2 Apple AAPL…
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Visa – Competitions
As of early 2026, Visa remains the dominant leader in the global payment industry. However, the competitive landscape has evolved from a simple “duopoly” with Mastercard into a complex battle against tech giants, regional payment networks, and account-to-account (A2A) systems. 1. Market Share and Core Dominance (2025-2026) Visa maintains a significant lead in the traditional…
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Visa – Background and History
The history of Visa is a story of how a localized experiment by a single bank transformed into the world’s leading digital payment network. Its evolution can be broken down into the following key phases: Phase 1: The Origins and the Fresno Drop (1958-1970) Revenue and Financials: This was an experimental phase characterized by high…
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Tencent Hunyuan
By early 2026, the technical foundation of Tencent Hunyuan has evolved into a highly optimized, heterogeneous architecture. Its differentiation lies in its “Hybrid Reasoning” capabilities and its deep integration with the world’s most active social data. 1. Technical Foundation & Core Supports Unlike many models that rely solely on the standard Transformer architecture, Hunyuan utilizes…
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Tencent – 2025Q3 report
Below is a detailed summary of the Tencent 2025Q3 report: 1.Financial Highlights (2025 Q3) 2.Performance by Business Segment 3.User and Product Metrics 4.Strategic Focus and AI Integration Below is the Income Statement summary and Segment Revenue breakdown for the third quarter of 2025 (Q3 2025), based on the official announcement. Condensed Income Statement (Q3 2025)…
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Tencent – Competitions
1. Social Media and Short Video: The Battle for Traffic Tencent’s core competitive advantage lies in the “Super App” ecosystem of WeChat, but it faces significant pressure in traffic distribution. 2. Online Games: Global Dominance vs. Creative Challengers Tencent is the world’s highest-grossing gaming company but faces domestic regulatory pressure and challenges from “quality-focused” emerging…
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Tencent – Background and History
The history of Tencent can be divided into several key stages that track its evolution from a small startup to a global technology and investment conglomerate. 1. The Early Years and Survival (1998-2004) This period focused on building the user base and finding a sustainable business model. Core Technology: Revenue Level: 2. Diversification and Expansion…
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JP Morgan – 2025Q3 report
Detailed Summary of 3Q25 Earnings 1.Overall Financial Performance Below is the financial performance of JP Morgan: Net Income: $14.4 billion, up 12% from $12.9 billion in the same period last year. Earnings Per Share (EPS): $5.07, compared to $4.33 in the prior year. Revenue: $47.1 billion, a 9% year-over-year increase. Return on Tangible Common Equity…
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JP Morgan – Competitions
As of 2026, JPMorgan Chase remains in a dominant position, approaching a landmark 1trillion dollar market capitalization, making it the most profitable and largest financial institution globally. 1. Key Financial Metrics Comparison (2025 Data) JPMorgan Chase significantly outperforms other retail and commercial banking peers in terms of profit efficiency. Metric JPMorgan Chase (JPM) Bank of…
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JP Morgan – Background and History
The history of JPMorgan Chase & Co. is incredibly long and complex, formed through the merger of over 1000 predecessor institutions. Its development can be divided into the following key stages: Phase 1: Origins and Early Foundations (1799-1870) The earliest roots of JPMorgan Chase date back to the late 18th century, a period that laid…
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Walmart – 2025Q3 report
Financial Performance Highlights Segment Performance Debt and Capital Structure Key Legal and Risk Matters Future Outlook and Controls Based on Walmart’s 10-Q filing for the third quarter of fiscal year 2026 (ended October 31, 2025), here is the consolidated income statement and segment performance analysis. Consolidated Statement of Income (Amounts in millions, except per share…
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Walmart – Competitions
In the 2026 retail landscape, Walmart has evolved from a traditional brick-and-mortar retailer into an omnichannel ecosystem. Here is a competitive analysis focusing on its strategic positioning against key rivals. 1. Key Competitors and Differentiation Walmart competes across multiple fronts, with different strategies for each segment: Competitor Primary Battlefield Walmart’s Competitive Edge Amazon E-commerce, Logistics,…
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Walmart – Background and History
1. Founding and Early Beginnings (1962-1969): The Rural Strategy Revenue Level: Grew from less than $1 million to approximately $31 million. Key Business Advancement: Implementation of the Profit Sharing Plan. Sam Walton introduced a program where all full-time associates could share in the company’s profits after one year of service. This was revolutionary in the…
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Eli Lilly – 2025Q3 report
Here is the summary of Eli Lilly and Company’s Quarterly Report (Form 10-Q) for the period ended September 30, 2025, with reference numbers and separator lines removed: Financial Performance Overview Revenue for the third quarter of 2025 reached $17,600.8 million, a 54% increase compared to the third quarter of 2024. Net income for the third…
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Eli Lilly – Competitions
Here is the competitive analysis for Eli Lilly in 2026, focused on its highest-revenue product categories. 2026 Strategic Outlook Table Category Key Product Top Rival 2026 Outlook Metabolism Mounjaro/Zepbound Novo Nordisk High growth; focus on oral pill (Orforglipron) launch. Oncology Verzenio Novartis Stable leadership in early-stage breast cancer. Immunology Taltz/Omvoh AbbVie Aggressive M&A to counter…
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Eli Lilly – Background and History
The history of Eli Lilly and Company can be divided into several transformative eras: 1. Founding and Standardization (1876-1900s) Colonel Eli Lilly, a chemist and Civil War veteran, founded the company in 1876 in Indianapolis. At a time when many medicines were unreliable, he committed to scientific rigor. 2. The Insulin Revolution (1920s-1940s) Lilly transitioned…
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Berkshire – 2025Q3 report
Berkshire Hathaway 2025 Q3 Financial Summary (Ending September 30) This summary highlights Berkshire’s strategic pivot toward extreme liquidity, record-breaking cash reserves, and selective industrial acquisition. 1. Financial and Capital Allocation Highlights 2. Business Segment Performance 3. Legal Litigation and Risks Here is the financial report summary for Berkshire Hathaway’s 2025 Third Quarter, based on the…
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Berkshire – Background and History
1. The Early Years & Entrepreneurial Roots (1930-1950) Buffett displayed a natural aptitude for business and numbers from a very young age. 2. Mentorship & The Partnership Era (1951-1969) This stage defined his investment philosophy, moving from academic theory to professional practice. 3. Transition to Quality & Insurance (1970-1990) Guided by Charlie Munger, Buffett shifted…
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TSMC – 2025Q3 report
TSMC Q3 2025 Executive Summary and Analysis 1. Stellar Financial Performance TSMC delivered third-quarter results that exceeded expectations, driven primarily by robust demand for advanced process technologies. 2. Revenue Structure: Advanced Nodes and HPC Lead 3. Outlook for Q4 2025 and Beyond 4. Key Strategic Insights Insane and Structural AI Demand CEO C.C. Wei described…
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TSMC – Competitions
As of 2025 and early 2026, the High Performance Computing (HPC) segment has firmly established itself as TSMC’s largest and most critical revenue contributor. Core Technologies Powering the HPC Segment The dominance of the HPC segment is sustained by three “pillars” of technology that create a significant competitive barrier. 1. Advanced Logic Nodes: The 2nm…
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TSMC – Background and History
Stage 1: Foundation and Establishment of the Business Model (1987-Early 1990s) In 1987, Morris Chang founded TSMC with funding from the Taiwan government and Philips. The most critical decision was establishing the Pure-play Foundry business model. Revenue Level: During this period, revenue grew from 100 million NTD at the time of founding to approximately 19.3…