As the US market opened on May 13, the total total of the top 10,427 public companies rose sharply to over $116 trillion.
The rapid turnaround catalyst appears to have been renewed market vitality established by easing trade tensions between the US and China Recently announced The investment commitment made during President Donald Trump’s visit with Saudi Arabia’s Crown Prince Mohammed Bin Salman.
Trump secures $600 billion in Saudi Arabia, and markets will surge to as much as $1 trillion
As I recently reportedSaudi Arabia is committed to investing more than $600 billion in US industry and infrastructure. Funds will spread across multiple sectors, with over $100 billion being allocated to technologies such as artificial intelligence and data centers.
According to the White House, the deal with Saudi Arabia includes “the biggest defense sales contract in history – an incredibly $142 billion, providing Saudi Arabia with cutting-edge war combat equipment and services from more than 12 US defense companies.”
Trump also enacted a complete reset on trade tariffs against China earlier in the week. Report Please say that “The US will reduce tariffs on Chinese products from 145% to 30%, while China will reduce tariffs on US exports from 125% to 10%.”
The market responded quickly, adding global market capitalization of around $1 trillion within 24 hours. This trend has risen significantly to the profits seen in the so-called “Magnificent Seven,” Apple, Amazon, Google, Meta, Microsoft, Meta, and Tesla.
At the time of publication, the global market capitalization was around $116.15 trillion, rising from the previous 24-hour high of $115.27, reaching its all-time high of $117.69 trillion on February 17, 2025. Companiesmarketcap.
Silicon Valley does heavy lifting
The largest profits in the market capitalization of the top 20 global companies come from the aforementioned Magnificent Seven, in addition to the associated Chipmakers Broadcom and TSMC. Tesla, which has risen 1.25%, has rejoined the $1 trillion territory for the first time since late February, but Nvidia jumped over Apple to retrieve its $3 trillion and the second overall slot again with a 6.2% win over the last 24 hours.
Microsoft is the most stable at the top, with a market capitalization of $3.31 trillion. And Berkshire Hathaway is the only company in the top 10 to see daily losses at -0.22% and -0.14% respectively.
At midday point in the US market, it appears that global totals are appearing above the previous record highs established in February. This not only marks the biggest turnaround in recent market history, but also represents the fastest profits that have done it in just five weeks, not only reaching a high of $116.15 from the high of April 8th from $100.32 trillion on May 13th.
