Where Data Tells the Story
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This map spotlights the largest publicly traded company headquartered in each U.S. state, ranked by market capitalization as of September 2025. From trillion‑dollar tech titans like NVIDIA , Microsoft, and Tesla to regional champions in energy, finance, and consumer goods, it’s a snapshot of where corporate power — and investor capital — is concentrated.
Takeaway:
Analysis:
The geographic spread reveals a stark market cap gap: a small cluster of companies controls a disproportionate share of total U.S. equity value. States like California, Washington, Texas, and Nebraska are home to firms whose valuations eclipse the GDP of entire countries, while others are led by mid‑cap or even small‑cap players. This imbalance underscores the gravitational pull of certain sectors (tech, healthcare, finance) and the challenge for smaller‑market states to produce global‑scale public companies.