Financial journalist Jon Erlichman listed a set of daily revenues annualized based on the latest disclosed income: Amazon about $2.2 billion, Alphabet about $1.3 billion, Apple about $1.2 billion, Nvidia about $1.1 billion, Microsoft about $1 billion, Meta about $676 million, Tesla about $314 million, Broadcom about $247 million, Uber about $158 million, Netflix about $140 million, Visa about $129 million, AMD about $128 million.

This is the recent revenue divided by the number of days, not a cash register reading for a specific day. Amazon's annual revenue is said to be around $800 billion, with a daily average of $2.2 billion in the same tier. Nvidia has reached over $40 billion in a single quarter and provided a higher outlook, with the daily average of $1.1 billion reflecting the accelerator supercycle being folded into the calendar. Apple and Microsoft still rely on hardware subscriptions and cloud services, with daily averages over $1 billion being a reflection of their existing platforms; Broadcom and AMD at the bottom of the list indicate that both custom accelerators and general-purpose graphics cards are sharing the same capital expenditure.

Tesla's daily average is about $314 million, far below the top five platform companies, as the seasonality of car deliveries is steeper than that of cloud and advertising. Uber and Netflix demonstrate that mobility and streaming can also stabilize above $100 million daily, but cannot match the capital density of chip manufacturers. Visa's daily average is from payment commissions, not the transaction volume itself.

The list puts businesses with different gross margins on the same scale. Advertising, cloud, mobile, accelerators, cars, and commissions can mislead people into thinking they are similar assets based on daily averages. Nvidia's entry into the top five relies on price and shipment rhythm, not user numbers.

In market mechanisms, the sellers are financial accounts that break down annual reports into daily updates, while the buyers are investors establishing a sense of scale using daily averages. Event-driven rankings are a form of listing. Funds will not change positions due to rankings but will reinforce the "billion-dollar daily club" as a pricing anchor. Beneficiaries are the platforms and accelerators already in the top five; those under pressure are companies with daily averages still in the tens of millions, yet compared to the top five's market-to-sales ratios.

Source: Public Information