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With a market capitalization of over $3 trillion, Apple (AAPL) is the most valuable company in California and the entire United States.
The iPhone maker crossed that $3 trillion mark again in early December. Washington-based tech giant Microsoft (MSFT) isn’t far behind at $2.79 trillion.
Yahoo Finance has compiled a list of the largest publicly traded companies in each state and Washington, D.C., based on market capitalization as of 2023 and the location of the company’s headquarters.
Healthcare giants take the top spot
Healthcare is the most dominant sector among large U.S. companies, including Kentucky-based health insurance giant Humana (HUM) with $56.1 billion and Minnesota-based UnitedHealth (UNH) with $485.49 billion. Also included.
The Northeast is home to several of these companies, as well as Rhode Island-based CVS Health (CVS), with a market cap of $101.61 billion, and New Jersey-based Johnson & Johnson (JNJ). , has a market capitalization of $376.93 billion, and is also home to healthcare giants such as Thermo. Fisher Scientific (TMO) of Massachusetts, valued at $205.91 billion;
Other biotech companies on the list include Indiana-based Eli Lilly (LLY) (valued at $552.87 billion) and Illinois-based AbbVie Inc. (ABBV) (valued at $273.09 billion).
Some of the financial companies are some of the largest in their home states. In New York City, banking giant JPMorgan Chase (JPM) is valued at $492.34 billion, while billionaire Warren Buffett’s Nebraska-based conglomerate Berkshire Hathaway (BRK- A) is worth a whopping $776.04 billion. Charlotte, North Carolina, a hotspot for the financial services industry, is home to Bank of America (BAC), the state’s most profitable company at $268.12 billion.
In the tech sector, eight companies stand out as the state’s most valuable, including semiconductor giant Micron (MU), based in Idaho, and Marvell Technology (MRVL), based in Delaware. The majority were listed companies.
Tesla (TSLA), which left California for the more tax-friendly Texas in 2021, remains the Lone Star State’s most valuable company with a valuation of $804.84 billion.
Retail giants Walmart (WMT) and Home Depot (HD) are the largest in Arkansas and Georgia, respectively. Procter & Gamble (PG), headquartered in Cincinnati, is Ohio’s most valuable company at $343.47 billion.
Aerospace and defense company Lockheed Martin (LMT) is Maryland’s largest company, while neighboring Virginia is represented by aircraft manufacturer Boeing (BA).
Pennsylvania’s most valuable company is Philadelphia’s Comcast Corporation (CMCSA) at $177.59 billion, while footwear giant Nike (NKE) remains the dominant company in Oregon at $165.61 billion. It is.
Adriana Belmonte is a reporter and editor covering politics and health policy at Yahoo Finance. You can follow her on Twitter @adrianambells Please contact adriana@yahoofinance.com.
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