The world’s top 100 publicly traded companies saw a significant value increase, with Siemens being the sole German representative.

In the first half of this year, the 100 most valuable publicly traded companies globally increased their worth by 18%, reaching nearly $62 trillion, according to EY’s analysis. The surge in artificial intelligence hype has significantly boosted market investments, particularly benefiting technology firms, which saw a 30% rise in market value.

Despite the dominance of U.S. companies, with 56 firms in the top 100, Siemens remains the only German entity at position 72. The AI boom is reshaping the global corporate landscape, with experts warning that Europe risks falling further behind in this competitive environment.