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Oakland, California-based Block, Inc. (XYZ) operates as a fintech company, providing payment solutions and blockchain-based products and services to businesses and individuals. With a market cap of $45.7 billion, Block operates through the Square and Cash App segments.
Companies worth $10 billion or more are generally described as “large-cap stocks.” Block fits this bill perfectly. Given the company’s extensive operations and dominance in the fintech industry, its valuation above this mark is unsurprising.