California reclaims most Fortune 500 HQs, with 57, due to strong tech sector and AI investments.
California reclaims the top spot for housing most Fortune 500 companies in the US, with 57 headquartered within its borders, according to Fortune magazine. This success is attributed to the state's booming tech sector, particularly AI investments. California's economy is the fifth largest in the world, with a nominal GDP of almost $3.9 trillion. Texas and New York share the second place with 52 companies each.
June 04, 2024
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