20% Difference Between Saudi Aramco and Apple
Saudi Aramco has been the most valuable company in the world and it had an IPO late in 2019 and briefly traded at $2 trillion when it was worth 38.7 riyal per share. Saudi Aramco valuation is down to $1.7 trillion.
Apple and Microsoft are the most valuble companies after Aramco. Apple is at $1.42 trillion in market value and Microsoft is at $1.4 trillion.
If there were 20% price increases in Apple or Microsoft they would surpass the value that Saudi Aramco has now. If there was a 20% drop in Aramco then the Saudi Arabian oil company would fall behind the technology giants.
Oil prices are down and could remain down with coronavirus causing reduced economic activity in China and Asia.
Brian Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.
He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.