Good morning. Big day at the office: A new edition of the Fortune 500 has arrived.
As always, lots to unpack about our iconic, annual (since 1955!) list of the largest U.S. companies by revenue.
To get started, allow me to focus your attention on the dearly beloved Magnificent 7 tech firms:
—Amazon takes the top spot, breaking Walmart’s 13-year streak as the No. 1 company.—Apple stays parked at No. 4.—Alphabet moves up two spots to No. 5 and repeats as the most profitable company (in terms of absolute dollars) with more than $100 billion.—Nvidia, jumps 15 spots to No. 16 with a 66% gain in revenue.—Meta jumps five spots to No. 17, its highest-ever rank.—Microsoft rises one spot to No. 11, its highest-ever rank.—Tesla repeats at No. 43 despite a 3% decline in revenue.
There’s plenty more to dig through (peep Uber’s ascent and Arista Networks’ arrival, for example) so don’t hesitate to poke around.
