Samsung Electronics overtakes Meta, Tesla to reach world's No. 9 company

This article is by Jeong Jae-hong and read by an artificial voice. The AI boom has overtaken the social media craze — Samsung Electronics on Tuesday has overtaken Tesla and Meta Platforms to become the world's 9th-most-valuable publicly traded company by market capitalization. Samsung Electronics' market capitalization at one reached $1.58 trillion as the shares rose 4.58 percent during trading on Tuesday, according to CompaniesMarketCap, a website that tracks the market value of listed companies worldwide, as of 3:11 p.m. The gain pushed the Korean chipmaker past Tesla, whose market value stood at $1.56 trillion, and Meta Platforms at $1.52 trillion. It allowed Samsung to move up two spot in the global rankings. Before overtaking Tesla and Meta on Tuesday, Samsung Electronics ranked No. 11 globally by market capitalization. Samsung Electronics' placement in the No.9 has caused Tesla and Meta Platform to drop down to the No. 10 and 11 rank, respectively, as of 3 p.m. Tuesday. Samsung Electronics could climb further if its recent share-price momentum continues, market observers say. Nvidia remained the world's most valuable company, with a market capitalization of $5.43 trillion. It was followed by Alphabet, the holding company behind Google, at $4.51 trillion, Apple at $4.50 trillion, Microsoft at $3.42 trillion and Amazon at $2.81 trillion. TSMC ranked No. 6 with a market capitalization of $2.26 trillion. It was closely chased by Broadcom and Saudi Aramco, with market capitalizations of $2.18 trillion and $1.76 trillion, respectively. Another Korean major chipmaker SK hynix slipped one place in the global rankings after its shares fell 2.62 percent on Tuesday. Ranked 13th globally, its market value was tallied at $1.10 trillion. This article was originally written in Korean and translated by a bilingual reporter with the help of generative AI tools. It was then edited by a native English-speaking editor. All AI-assisted translations are reviewed and refined by our newsroom.