Italian Utilities Defensive Blue Chips

NVIDIA

Market Cap: US$4.2t

A computing infrastructure company, provides graphics and compute and networking solutions in the United States, Singapore, Taiwan, China, Hong Kong, and internationally.

Broadcom

Market Cap: US$1.4t

Designs, develops, and supplies various semiconductor devices and infrastructure software solutions worldwide.

Taiwan Semiconductor Manufacturing

Market Cap: NT$29.7t

Manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally.

JPMorgan Chase

Market Cap: US$815.4b

Operates as a financial services company worldwide.

Walmart

Market Cap: US$770.9b

Engages in the operation of retail and wholesale stores and clubs, eCommerce websites, and mobile applications worldwide.

Costco Wholesale

Market Cap: US$414.9b

Engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden.

Bank of America

Market Cap: US$359.9b

Through its subsidiaries, provides various financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide.

Industrial and Commercial Bank of China

Market Cap: HK$2.7t

Provides banking products and services in the People's Republic of China and internationally.

Coca-Cola

Market Cap: US$297.4b

A beverage company, manufactures and sells various nonalcoholic beverages in the United States and internationally.

Agricultural Bank of China

Market Cap: HK$2.3t

Provides banking products and services.

China Construction Bank

Market Cap: HK$2.2t

Engages in the provision of various banking and related financial services to individuals and corporate customers in the People's Republic of China and internationally.

T-Mobile US

Market Cap: US$278.5b

Provides wireless communications services in the United States, Puerto Rico, and the United States Virgin Islands.

ASML Holding

Market Cap: €234.3b

Provides lithography solutions for the development, production, marketing, sales, upgrading, and servicing of advanced semiconductor equipment systems.

Wells Fargo

Market Cap: US$270.1b

A financial services company, provides diversified banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally.

Advanced Micro Devices

Market Cap: US$262.9b

Operates as a semiconductor company worldwide.

Kweichow Moutai

Market Cap: CN¥1.8t

Produces and sells liquor products in China and internationally.

UnitedHealth Group

Market Cap: US$252.7b

Operates as a health care company in the United States and internationally.

Philip Morris International

Market Cap: US$250.7b

Operates as a tobacco company.

China Mobile

Market Cap: HK$1.9t

Provides telecommunications and information related services in Mainland China and Hong Kong.

Nestlé

Market Cap: CHF 188.6b

Operates as a food and beverage company.

Bank of China

Market Cap: HK$1.8t

Provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally.

HSBC Holdings

Market Cap: UK£166.0b

Engages in the provision of banking and financial products and services worldwide.

Abbott Laboratories

Market Cap: US$218.6b

Abbott Laboratories, together with its subsidiaries, discovers, develops, manufactures, and sells health care products worldwide.

AT&T

Market Cap: US$199.9b

Provides telecommunications and technology services worldwide.

PepsiCo

Market Cap: US$198.0b

Engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide.

Commonwealth Bank of Australia

Market Cap: AU$289.0b

Provides retail and commercial banking services in Australia, New Zealand, and internationally.

Royal Bank of Canada

Market Cap: CA$254.0b

Operates as a diversified financial service company worldwide.

Verizon Communications

Market Cap: US$181.6b

Through its subsidiaries, engages in the provision of communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide.

Deutsche Telekom

Market Cap: €154.2b

Provides integrated telecommunication services worldwide.

HDFC Bank

Market Cap: ₹15.4t

Provides banking and financial products and services to individuals and businesses in India, Bahrain, Hong Kong, Singapore, and Dubai.

Citigroup

Market Cap: US$175.6b

A diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions.

Intuitive Surgical

Market Cap: US$175.2b

Develops, manufactures, and markets products that enable physicians and healthcare providers to enhance the quality of and access to minimally invasive care in the United States and internationally.

QUALCOMM

Market Cap: US$171.8b

Engages in the development and commercialization of foundational technologies for the wireless industry worldwide.

Arm Holdings

Market Cap: US$169.0b

Arm Holdings plc architects, develops, and licenses central processing unit products and related technologies for semiconductor companies and original equipment manufacturers.

Texas Instruments

Market Cap: US$168.7b

Designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States, China, rest of Asia, Europe, Middle East, Africa, Japan, and internationally.

Mitsubishi UFJ Financial Group

Market Cap: JP¥24.7t

Operates as the bank holding company, that engages in a range of financial businesses in Japan, the United States, Europe, Asia/Oceania, and internationally.