279 Over the past thirty years (1995 to 2025), just five companies remained on the top 30 most highly valued publicly traded global technology companies – Microsoft / Oracle / Cisco / IBM / AT&T. New entrants are NVIDIA / Apple / Amazon / Alphabet (Google) / Meta Platforms (Facebook) / Tesla / Broadcom / TSMC / Tencent / Netflix / SAP / Palantir / ASML / Alibaba / Salesforce / T-Mobile / Samsung / China Mobile / Reliance / ServiceNow / Intuitive Surgical / Siemens / Uber / AMD / Intuit. In 1995, USA had 53% (16 of 30) of the most valuable tech companies and 70% (21 of 30) in 2025. In 1995, Japan had 30% (9 of 30) of the top tech companies and 0 in 2025. UK / Singapore / Hong Kong / Mexico / Malaysia had 1, now 0. In 2025, new geographic entrants include China with 3, Germany with 2, Taiwan with 1, Netherlands with 1, South Korea with 1 & India with 1. Note that while Taiwan has only one company on the list – TSMC – the company produces 80%-90% of the world’s most advanced semiconductors and 62%+ of global semiconductors as of Q2:24, per The Center for Strategic & International Studies & Counterpoint Research. It’s stunning how much can change in a generation… the emergence of internet connectivity was foundational to most of the new adds. The emergence of AI will have the same type of effect over the next three decades, but likely faster. Source: Center for Strategic & International Studies, ‘A Strategy for The United States to Regain its Position in Semiconductor Manufacturing’ (2/24); Counterpoint Research, ‘Global Semiconductor Foundry Market Share: Quarterly’ (3/25) Public Market Capitalization Leader Tells of Last Thirty Years = Extraordinary USA Momentum…China Rising