BREAKING: The "AI Big 10" now accounts for a record 42% of US stock market cap.
This includes Magnificent 7 stocks as well as Broadcom,
$AVGOB , AMD, $AMDB , and Micron, $MUB
This figure has more than doubled since the 2022 bear market low.
By comparison, during the 2000 Dot-Com Bubble, the Technology, Media & Telecom (TMT) sector peaked at 41%, while the Nifty Fifty peaked at 40% in the 1970s.
Furthermore, Japan’s equity market bubble in the 1980s peaked at 44%.
In the past, only railroad stocks have significantly exceeded this concentration, accounting for 63% of US market cap at their highest point in the 1900s.
The dominance of Big Tech is extraordinary.
#IMFSaysTokenizedMarketsSmall
#EvernorthDelaysNasdaqDebutToOct12
#MU
This includes Magnificent 7 stocks as well as Broadcom,
$AVGOB , AMD, $AMDB , and Micron, $MUB
This figure has more than doubled since the 2022 bear market low.
By comparison, during the 2000 Dot-Com Bubble, the Technology, Media & Telecom (TMT) sector peaked at 41%, while the Nifty Fifty peaked at 40% in the 1970s.
Furthermore, Japan’s equity market bubble in the 1980s peaked at 44%.
In the past, only railroad stocks have significantly exceeded this concentration, accounting for 63% of US market cap at their highest point in the 1900s.
The dominance of Big Tech is extraordinary.
#IMFSaysTokenizedMarketsSmall
#EvernorthDelaysNasdaqDebutToOct12
#MU