Good morning and lock in: Our latest Fortune Global 500 is out.
The 37th running of our annual list features a new king: Amazon. As it did in this year’s Fortune 500 list, which is U.S.-focused, Amazon displaced rival Walmart for the first time in a decade. (Read this great story about it by colleague Kristin Stoller.)
That’s not the only tech tale in this year’s list. Alphabet became the most profitable company in the world, besting a four-year run by Saudi Aramco. Alibaba rose seven spots in just a year’s time; Tesla slid 10 spots in the same span. Tencent and TSMC both cracked the top 100 for the first time. And Nvidia cracked the top 50 for the first time—remarkable since it only made its list debut in 2024 at No. 222.
Who else is up and who else is down? You’ll just have to check out the full list. (Subscribers get early access, btw.)
More tech news follows. Have a productive day. —Andrew Nusca
