It wasn't long ago that investors were wondering if a publicly traded U.S.-based company would ever reach the $1 trillion threshold. But in early August 2018, hit that coveted mark. Not long after that, the market saw a correction. The market sold off heavily in late 2018 over tensions with the U.S.-China trade war and uncertain Federal Reserve policy. It eventually recovered, but then the COVID-19 sell-off of spring 2020 hit.

Another recovery took hold in short order and Apple regained trillion-dollar status, even rising above $2 trillion. By early January 2022, Apple was knocking on the door of a $3 trillion market cap, Microsoft was hovering around $2.5 trillion, Alphabet was almost at $2 trillion, Amazon and Tesla (NASDAQ: TSLA) were both over $1 trillion, and Meta Platforms (NASDAQ: META) was less than 10% away from hitting $1 trillion.

2022 turned out to be a brutal year for big tech. When the dust had settled, only Apple, Microsoft, and Alphabet were still above $1 trillion in market cap.

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Source Fool.com