Where Data Tells the Story
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On October 29, 2025, the ten largest U.S. companies—Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, Broadcom, Tesla, Berkshire Hathaway, and Eli Lilly—reached a record combined market capitalization of $26.0 trillion. In the following months, however, momentum stalled. During November and December 2025, the group’s total market value failed to extend gains, easing to approximately $25.5 trillion by December 29, 2025, signaling a pause after an exceptional run in mega-cap valuations.