According to the S&P 500 ranking, Qualcomm's market capitalization has officially surpassed Intel, making it the 29th largest company in the U.S.
Currently, Qualcomm's market cap is $113.82 billion, while Intel's is $111.85 billion, with a difference of about $2 billion — not a large gap, but enough to reflect the differing fortunes of the two companies: Qualcomm is thriving in the mobile chip sector, whereas Intel is facing the growth bottleneck of PCs and slow progress in the mobile domain.
The top spot on the market cap ranking still belongs to Apple, whose $439.39 billion continues to lead the pack. Following closely are ExxonMobil with $403.32 billion and Google with $257.40 billion.
Other tech companies among the top 20 U.S. enterprises include: Microsoft at #7 with $233.53 billion, IBM at #9 with $226.03 billion, AT&T at #12 with $202.21 billion, and Oracle at #17 with $166.22 billion.
Trend of rank changes for Qualcomm and Intel in the S&P 500
Recent three-month stock price trends for Qualcomm and Intel