What’s the first thing that comes to mind when you think about the largest companies in 澳洲幸运5官方开奖结果体彩网:Silicon Valley? There’s probably a good chance that some of the world’s most popular tech, computer, and digital giants pop up, like Apple, Alphabet, and Meta, formerly Facebook, are the first that come to mind. But did you know that there are a host of other successful 澳洲幸运5官方开奖结果体彩网:public companies wﷺithin Silicon Va🅷lley that aren’t part of the technology sector?

If you do, you can count Wells Fargo, Visa, and Chevron as major 澳洲幸运5官方开奖结果体彩网:multinational corporations that are all headquartered in the Valley. And they aren’t part of ♏the Big Tech 🥃world.

Let’s look at the six of the biggest companies of Silicon Valley, incorporating three public tech companies and three that aren’t. All data is current as of Nov. 22, 2024.

1. Apple

Apple (AAPL) is one of the most successful companies on the planet and makes its headquarters in Cupertino, Santa Clara County, right in the heart of Silicon Valley. The company has a 澳洲幸运5官方开奖结果体彩网:market capitalization of $3.47 trillion and was the first American company whose market cap reached $1 trillion in August 2018. Apple hit $2 trillion two years later, and then $3 trillion two more years after that. Its 澳洲幸运5官方开奖结果体彩网:price-to-earnings (P/E) ratio was 37.81.

Apple designs, manufactures, and sells mobile devices, personal computers♛, and digital music players. It also sel𒆙ls related software, services, networking solutions, and digital content and applications.

The company’s main products include the iPhone, iPad, and Mac computers—along with the operating system software and application software to run them. It became a player in the financial services field after launching the 澳洲幸运5官方开奖结果体彩网:Apple Card in 2019. And in 2021, the company introduced the fifth generation of its entertainment streaming services Apple TV+.

2. Alphabet/Google

Alphabet (GOOG, GOOGL) is the 澳洲幸运5官方开奖结果体彩网:holding company of Google, the world’s most widely used internet search engine. It is headquartered in Mountain View, in Santa Clara County. It has a market cap of $2.02 trillion, giving the company a P/E ratio of 21.87.

Since its inception, the company re✃ached success on a massive scale and has business units that go beyond its search engine capabilities. It now offers a range of products and services across multiple screens and device types, from browsers like Chrome to phones like Android to the G Suite of cloud-based word-processing apps.

The company’s biggest moneymaker is its offering of brand advertising and performance advertising. Google offers a self-serve platform for advertisers, agencies, and publishers, allowing them to power their digital 澳洲幸运5官方开奖结果体彩网:marketing across desktop display, mobile, and video.

3. Meta

Meta (META) is arguably the world’s original 澳洲幸运5官方开奖结果体彩网:social networking company and certainly one of the most successful. Based in Menlo Park, in San Mateo County (often known as the geographic center of the Valley), the company has a market cap of $1.41 trillion and a P/E ratio of 26.40.

Facebook was launched in 2004 by Mark Zuckerberg as a college social networking website, but it has since expanded to allow any person above the age of 13 to create a social profile. The company boasts billions of users, connecting them through posts, messages, status updates, photo and video sharing, and notification updates.

The company’s massive scale allows it to offer highly targeted advertising, resulting in billions of dollars in annual revenue and some controversy.

4. Wells Fargo

Wells Fargo (WFC) 🐷breaks the Silicon Valley mold in a couple of ways. For one thing, it wasn’t born around the t🔯urn of the 21st century or even the 20th century. For another, its field isn’t a technology company but a financial services firm.

Headquartered in San Francisco, Wells Fargo was founded in 1852—two years after California became a state. After a series of mergers with other regional banks on both coasts, it is now the fourth-largest bank in the United States in terms of assets. It is one of the 澳洲幸运5官方开奖结果体彩网:largest U.S. banks by market cap, currently $253 billion. Its P/E ratio is 15.87.

Wells Fargo is technically a holding company that consists of four banking and financial services 澳洲幸运5官方开奖结果体彩网:subsidiaries: consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.

Although plagued by a series of consumer abuse scandals throughout the late-2010s, resulting in billions in penalties, the financial institution still clocked $82.6 billion in revenues on its 2023 annual income statement.

5. Visa

Known for its ubiquitous credit cards, Visa (V) is another 澳洲幸运5官方开奖结果体彩网:multinational financial services company based in Silicon Valley. Its headquarters are in the San Francisco Bay Area. Its market cap is $607.36 billion, and its current P/E ratio is 31.85.

Contrary to what most people think, Visa doesn’t issue cards or extend lines of credit. Instead, it provides banks, credit unions, and other 澳洲幸运5官方开奖结果体彩网:financial institutions with products (i.e., credit or debit cards) that they can offer to their customers. Technically speaking, it’s a retail electronic payment network specializing in facilitating funds transfers through its credit card and debit card services.

6. Chevron

Chevron (CVX) is a bit of an outlier in our group, both figuratively (it’s the only energy company) and literally, where its headquarters are in San Ramon, in Contra Costa County (a bit north of the Valley proper). The company has a market cap of $291.78 billion and a current P/E ratio of 17.91.

Like Wells Fargo, Chevron’s roots trace back to the 19th century. Incorporated in 1906, it has grown from a small oil refiner into a multinational energy giant. Also, like Wells Fargo, Chevron is technically a holding company made up of 澳洲幸运5官方开奖结果体彩网:upstream and downstream segments.

Upstream deals with 澳洲幸运5官方开奖结果体彩网:crude oil and natural gas exploration and production. On the other hand, downstream involves the refining of crude oil into petroleum products and the subsequent marketing of them. These segments combine to give Chevron control of the entire supply chain of energy.

The Bottom Line

Silicon Valley is generally known to be a technology hub because of the large concentration of tech companies. However, the area is also home to corporate giants of all kinds, including financial services and big energy.