Texas has overtaken California as the state with the most Fortune 500 companies, boasting 57 compared to California's 56. This shift marks a significant change from two years prior when California led the list. Texas Governor Greg Abbott praised the state's business-friendly climate as a key factor in attracting firms. Despite the loss, California remains a powerhouse, with its companies generating the highest profits ($647 billion) and holding a total value of $20 trillion. The state is also a leader in innovation, particularly in artificial intelligence and technology, housing nearly 400 unicorns and securing a substantial portion of U.S. venture capital. Amazon has claimed the top spot on the Fortune 500 list with $716.9 billion in revenue, surpassing Walmart. New York follows with 53 Fortune 500 companies, while Illinois and Ohio tie for fourth with 29 each. The competition between Texas and California continues as both states navigate the challenges and opportunities in the corporate landscape.