Apple (AAPL) has been recognized as the best-managed company in the United States, according to a recent ranking published by The Wall Street Journal.
In this assessment of 250 companies, Nvidia (NVDA) secured the second position, followed by Microsoft (MSFT), Intel (INTC), and Mastercard (MA), which completed the top five for this year. The ranking, created by the Drucker Institute, evaluates corporate management effectiveness across five key dimensions: customer satisfaction, employee engagement and development, innovation, social responsibility, and financial strength.
This year, both Apple and Nvidia have surpassed Microsoft, which had maintained the top position for the past four years.
Apple has achieved a prominent position in terms of innovation and financial robustness. Nvidia has secured the top spot for financial strength and ranks second in employee engagement. The two corporations have been in close competition to claim the title of the world's most valuable company.
As of the latest market close, Apple boasts a market capitalization of $3.67 trillion, while Nvidia stands at $3.49 trillion. The chip manufacturer has experienced a remarkable surge, with its shares rising nearly 200% this year, largely driven by the increasing demand for its artificial intelligence chips. In contrast, Apple has seen a 30% increase in its share value.
Microsoft has also demonstrated significant growth this year, with its share value increasing by nearly 20%, resulting in a market cap of $3.30 trillion. The company has ranked highly in both innovation and financial strength.
Conversely, Intel has faced a challenging year. Although it was recognized as the fourth best-managed company in the nation, it recently ousted its CEO, Pat Gelsinger, due to his inability to improve the company's performance.
In August, Intel unveiled a strategy aimed at achieving $10 billion in savings by 2025. This initiative involves a reduction of approximately 15,000 positions, equating to 15% of its total workforce. Gelsinger remarked at that time that these adjustments represented the "most consequential changes" in the company's history.
Additionally, Intel has reportedly engaged Morgan Stanley and other advisors to assist in countering potential activist investors, as reported by CNBC (CMCSA).
Earlier last month, Intel was removed from the Dow Jones Industrial Average, which includes 30 prominent U.S. stocks, to accommodate Nvidia as the index transitions towards AI innovators.
Despite these challenges, Intel was recognized as the top company in social responsibility among 250 firms and secured the second position in customer satisfaction.
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