12 American Companies That Control Tech

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6. Intel Corp. (NASDAQ: INTC)
>Market Cap: $259.13 billion
>Revenue: $62.76 billion [December]
>Net Income: $9.6 billion
>Shares outstanding: 4.67 billion
>Employees: 102,700

The world’s pre-eminent chipmaker has been on a tear this year even after major flaws in its flagship chips were revealed. Intel is taking the plunge into artificial intelligence (AI), and its $15.3 billion acquisition of Mobileye gave it a leading position in autonomous driving technology. Another big move the company made last year was to enter the non-volatile flash memory business. While the segment has yet to take off, as more PC makers make laptops with flash storage Intel will be well positioned to offer complementary storage to go with the company’s CPUs. For the current fiscal year, analysts forecast revenue of $67.93 billion and have a 12-month consensus price target on the stock of $60.25.

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7. Cisco Systems Inc. (NASDAQ: CSCO)
>Market Cap: $209.9 billion
>Revenues: $48 billion [July]
>Net Income: $9.61 billion
>Shares outstanding: 4.95 billion
>Employees: 72,900

Cisco, which began its life in the mid-1980s building routers and network switches, acquired a host of other products and services businesses during the tenure of CEO John Chambers. In addition to continuing its tradition of acquisitions, Cisco now spends more on research and development and has its eye on machine learning, artificial intelligence, and data analytics as growth areas in the future. For the current fiscal year, analysts forecast revenue of $49.16 billion and have a 12-month consensus price target on the stock of $49.71.

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8. Oracle Corp. (NYSE: ORCL)
>Market Cap: $189.66 billion
>Revenue: $37.73 billion [May]
>Net Income: $9.34 billion
>Shares outstanding: 4.14 billion
>Employees: approximately 138,000

Oracle is expected to launch its blockchain-as-a-service platform soon, followed by apps based on distributed ledger technology the following month. While Microsoft and IBM already offer such services, the database giant is not far behind. The company sees the blockchain requirement to keep multiple copies of data as a creator of new demand for its traditional products. For the current fiscal year, analysts forecast revenue of $39.8 billion and have a 12-month consensus price target on the stock of $55.65.

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9. Nvidia Inc. (NASDAQ: NVDA)
>Market Cap: $150.36 billion
>Revenue: $9.71 billion [January]
>Net Income: $3.05 billion
>Shares outstanding: 605 million
>Employees: 8,191

The company participates in the cryptocurrency-blockchain sector by selling its graphics chips to cryptominers. That business was hot, but the company and analysts think it will cool and that Nvidia needs to focus more on gaming machines, autonomous driving, artificial intelligence, and, especially, data analytics for large cloud services providers. Nvidia’s stock trades around 40-times trailing 12-month earnings and about 34-times forward earnings. That is awfully rich. For the current fiscal year, analysts forecast revenue of $12.38 billion and have a 12-month consensus price target on the stock of $250.42.

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10. International Business Machines Corp. (NYSE: IBM)
>Market Cap: $133.19 billion
>Revenue: $79.14 billion [December]
>Net Income: $5.75 billion
>Shares outstanding: 937.4 million
>Employees: 366,600

IBM is the oldest company on this list. Its first public stock sale took place in 1911 when it went by the name Computing-Tabulating-Recording Company. The company has the second largest number of employees on this list after Amazon, but posts three times as much net income per employee as Amazon. The other side of the coin: Apple’s net income per employee is 25 times IBM’s. That gap may narrow, but it will not ever reverse. For the current fiscal year, analysts forecast revenue of $80.81 billion and have a 12-month consensus price target on the stock of $168.11.