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This is Scott Becker with the Becker Business and the Becker Private Equity Podcast. Today's discussion is going to be the five big market cap companies and five observations on those. So we're going to talk through this. We try and be a Becker business Becker Private Equity, your efficient place to get your business news quickly and concisely. So here it is, the five largest market cap companies in order to Nvidia, Apple, Alphabet, slash Google, Microsoft and Amazon. This year Alphabet has been the biggest winner, followed by Nvidia Alphabet. Google has been able to add AI across a lot of its platforms and defended their ad revenue business extremely well. So that's what's happened with Google. They've been sort of the clear winner. Next Nvidia this past year climbed into the leadership spot and the market cap leadership spot after essentially Apple had been there for years and years and years and continues to be at the center of almost everything AI and chip related. But it is the following challenge that everyone is literally trying to encroach on their chip business. Intel is growing, Amazon's growing, Alphabet's growing, and all are trying to compete some in the chip business as well and of course lots of other companies as well. Next, Amazon has risk of becoming more of an E commerce retailer, which is where their start was. But then they really pop their profits and their growth through technology. In the cloud business, AWS has been the driver of a lot of their profits and their growth. That business again is under heavy competition from Microsoft, from Google and plenty of others, Oracle as well. So Amazon has this risk of becoming somewhat stagnant. Fourth, to keep winning in the market, these big mega cap companies, they need to execute and grow their current and the core business flawlessly, almost flawlessly. And then they did grow and innovate. The last big innovation at Amazon that we all remember was aws. It's incumbent on each of these companies to keep on trying to find rate growth in the core businesses and to innovate effectively. When they stop innovating effectively and stop trying to get incredibly better at everything they do, they they end up sooner or later slowing down their growth and moving out of this big mega cap situation. Finally, in terms of the next generation of mega cap companies, the companies that are most often mentioned and of course it remains to be seen who will be the next big mega cap companies are Palantir Technologies, Meta Platforms, Broadcom and Advanced Micro Devices. We also keep Tesla on that list, although there's obviously uncertainty about Tesla and in terms of their EV car business, but all the other things they're doing. Leave them to be someone you can't leave out of that discussion of potential leaders in that mega cap game. In any event, thank you for listening to the Becker Private Equity and the Vector Business Podcast will encourage you. Always go to Amazon. Buy our latest book Building Great Businesses. Create Momentum, Scale with Confidence. Thank you for listening to the Becker Business and the Becker Private Equity Podcast. If you listen to this all the way through and send me a text at 773-766-5322, we'll go ahead and send you an Amazon gift certificate for $25. Thank you for listening. You got to be the first two people to do that. Thank you.