The tech industry's growing focus on artificial intelligence is clearly making waves, and the new Most Admired Companies reporthighlights just how much it's reshaping the landscape.
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The 27th edition of Fortune's World's Most Admired Companies is here, and once again, tech giants hold the top spots.
For the 18th consecutive year, Apple claimed the top spot in the annual corporate reputation ranking, based on a survey of 3,380 executives, directors and analysts. Amazon and Microsoft held steady in second and third place for the sixth consecutive year. Meanwhile, Nvidia climbed six spots to secure fourth place, thanks to its growing role in fueling the AI productivity boom.
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Alphabet parentcompany of Google, fell two spots on the Most Admired Companies list to No. 9 this year, returning to its ranking from 2023. Meanwhile, there's been a lot of movement in the media and entertainment sector. Disney slipped slightly to No. 13, from last year's No. 12, while Netflix made a significant jump from No. 23 to No. 15.
The streaming giant's rise comes on the heels of a solid earnings report, showing that revenue reached $10.25 billion in the fourth quarter – marking the first time Netflix has topped $10 billion in a single quarter.
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Overall, the top 10 Most Admired Companies list remains unchanged from last year, with one notable change: Nvidia climbed even closer to the top three, pushing the others down a notch. Nvidia’s rise has been nothing short of remarkable. After first appearing on the list in 2021, it now sits at No. 4, fueled by the massive demand for genetic AI that its GPU chips have satisfied and accelerated.
Source: phonearena
