1
NVDA
2nd
NVIDIA sells standalone AI software and platforms such as NVIDIA AI Enterprise, which provides a suite of enterprise-grade AI software for model training and inference.
Nvidia
AI Platforms
5.26 Tn
218.29
-0.03%
+23.21%
26.62
16.94
5.07 Tn
2
MSFT
2nd
Microsoft develops and licenses the Windows operating system for desktops and servers, generating revenue through OEM licensing and direct sales.
Microsoft
Operating Systems
3.68 Tn
495.63
+0.65%
-0.95%
28.18
11.13
3.56 Tn
3
AVGO
2nd
The company's Infrastructure Software segment includes a cybersecurity portfolio providing endpoint, network, information, and application security products to protect data and detect threats.
Broadcom
Cybersecurity Software
1.73 Tn
361.99
+0.32%
-2.05%
41.77
18.15
1.59 Tn
4
MA
2nd
The company sells 'security solutions' specifically designed to safeguard the payments and digital ecosystem from fraud and cyber-attacks.
Mastercard
Cybersecurity Software
495.56 Bn
569.15
+0.66%
-3.33%
31.07
14.40
491.56 Bn
5
ORCL
2nd
Oracle is a leader in data infrastructure, specifically through its Autonomous Database and middleware technologies used to store and govern enterprise data.
Oracle
Data Infrastructure
454.05 Bn
150.15
-1.97%
-54.27%
24.25
5.80
379.45 Bn
6
CSCO
2nd
The company has a dedicated Security segment offering network security, threat intelligence, detection, and response solutions, including Cisco XDR and Cisco Hypershield.
Cisco Systems
Cybersecurity Software
442.46 Bn
112.13
+4.37%
+65.65%
32.77
6.87
418.87 Bn
7
PLTR
2nd
The company sells the Artificial Intelligence Platform (AIP), which is a standalone platform providing a development toolchain for building AI-powered agents, connectivity to LLMs, and an evaluations framework for governing AI workflows in production.
Palantir Technologies
AI Platforms
401.84 Bn
167.23
+0.83%
+1.75%
136.75
67.33
405.04 Bn
8
PANW
Palo Alto Networks sells a comprehensive suite of cybersecurity software and services, including next-generation firewalls, Secure Access Service Edge (SASE), and the Cortex XDR/XSIAM platforms for threat detection and remediation. Its revenue is primarily derived from these security platforms and subscriptions designed to protect networks, clouds, and endpoints.
Palo Alto Networks
Cybersecurity Software
269.48 Bn
330.65
-2.32%
+67.56%
917.79
24.54
278.69 Bn
9
ANET
2nd
The 'Cognitive Networks' segment delivers the CloudVision management platform and AIOps tools, which provide network automation, visibility, and observability for IT operations teams.
Arista Networks
IT Operations Software
251.55 Bn
199.45
+5.53%
+32.33%
60.01
23.03
229.38 Bn
10
IBM
2nd
The company develops and sells artificial intelligence tools and AI solutions as a core part of its Software segment to drive digital transformation for its clients.
International Business Machines
AI Platforms
229.16 Bn
243.24
+3.92%
-5.36%
21.74
3.37
221.81 Bn
11
CRWD
CrowdStrike provides a cloud-native cybersecurity platform, the Falcon platform, which focuses on endpoint security, cloud workload protection, and threat intelligence to prevent breaches. Its revenue is primarily generated from subscriptions to these security modules.
CrowdStrike Holdings
Cybersecurity Software
211.69 Bn
206.74
-1.02%
+94.63%
3,134.55
45.75
241.84 Bn
12
CRM
2nd
The company has developed the Agentforce 360 Platform, which allows organizations to deploy autonomous AI agents and leverages generative AI as a core part of its current product offering.
Salesforce
AI Platforms
203.82 Bn
247.65
+1.87%
+2.09%
21.67
4.77
198.28 Bn
13
NOW
2nd
The company has a dedicated Technology segment that provides IT service management (ITSM), IT operations management (ITOM), and IT asset management tools used by IT departments to monitor devices and manage infrastructure.
ServiceNow
IT Operations Software
137.04 Bn
132.53
+1.03%
-28.25%
87.73
9.95
141.85 Bn
14
SNOW
Snowflake provides a cloud-based data platform that allows organizations to consolidate data into a single source of truth, featuring a storage layer for ingesting massive amounts of varied data and a compute layer for concurrent queries. Its core revenue is generated from a consumption-based model for storage, compute, and cloud services usage, which aligns with the foundational data layer described in T-36.
Snowflake
Data Infrastructure
115.99 Bn
329.10
-0.20%
+46.57%
-103.70
20.77
110.52 Bn
15
FTNT
Fortinet is a cybersecurity company that sells a broad portfolio of security technology, including firewalls (FortiGate), threat detection tools (FortiSIEM, FortiSOAR), and endpoint security (FortiEndpoint). Its revenue is driven by the sale of security appliances and subscription-based security services like FortiGuard.
Fortinet
Cybersecurity Software
114.49 Bn
156.07
-1.75%
+96.36%
59.61
16.79
122.29 Bn
16
ADBE
2nd
Adobe has developed and sells AI capabilities as a core part of its workflow through Adobe Firefly, which provides generative AI for content creation across its platforms.
Adobe
AI Platforms
100.64 Bn
252.23
+1.37%
-28.05%
14.38
4.13
98.33 Bn
17
NET
2nd
The company sells a comprehensive suite of security products including a web application firewall, bot management, API security, and SASE network security solutions like Magic Firewall.
Cloudflare
Cybersecurity Software
98.76 Bn
306.54
-1.44%
+36.46%
-560.23
46.00
111.39 Bn
18
GD
2nd
The Technologies segment specifically provides cybersecurity services and security solutions as a substantive business line for military and federal civilian customers.
General Dynamics
Cybersecurity Software
96.29 Bn
355.91
+0.46%
+10.17%
21.65
1.77
92.82 Bn
19
SLB
2nd
SLB sells standalone AI and digital platforms such as Delfi and Lumi as SaaS subscriptions, providing autonomous field operations and digital exploration capabilities to external customers.
Slb
AI Platforms
83.20 Bn
56.06
+0.11%
+55.59%
27.47
2.87
76.65 Bn
20
DDOG
Datadog provides a SaaS platform for infrastructure monitoring, application performance monitoring (APM), and log management. These products are specifically designed for IT operations teams to observe and maintain the health of their technology stacks, as evidenced by its competition with IT operations management vendors like SolarWinds and Dynatrace.
Datadog
IT Operations Software
79.40 Bn
221.21
-0.23%
+59.00%
461.49
20.66
76.97 Bn
21
MSI
2nd
The company generates significant revenue from cybersecurity offerings and services provided as part of its Software and Services segment to protect mission-critical networks.
Motorola Solutions
Cybersecurity Software
77.13 Bn
466.02
+0.51%
-4.95%
36.22
6.34
76.81 Bn
22
ALL
2nd
The company operates Arity, which provides mobility intelligence services using automotive telematics information to provide insights to financial institutions and employers.
Allstate
Computer Vision
64.42 Bn
253.61
+0.70%
+26.79%
4.99
0.94
27.07 Bn
23
NBIS
2nd
Through its Toloka business, the company provides scalable data labeling, generation, and evaluation services specifically for AI model training and fine-tuning for AI research labs and GenAI startups.
Nebius
AI Platforms
56.81 Bn
224.55
-1.56%
+140.44%
-196.37
37.09
42.22 Bn
24
CRWV
2nd
The company provides a platform for the full AI lifecycle, including model training, inference, and agentic workflows, and offers Application Software Services for model serving and agent development.
CoreWeave
AI Platforms
49.03 Bn
88.99
-0.15%
-24.03%
-23.14
5.88
39.08 Bn
25
ROK
2nd
The company sells standalone cybersecurity software and recurring cybersecurity services as part of its Software & Control and Lifecycle Services segments.
Rockwell Automation
Cybersecurity Software
47.59 Bn
428.54
+1.65%
+22.25%
42.42
5.16
45.81 Bn