"The top 10 companies now account for 37.3% of the S&P 500 – the highest concentration in history.
26 stocks now account for half of the value of the entire index. Apple, Nvidia, and Microsoft account of 13% of the value of the S&P on their own."
Read now: https://substack.com/home/post/p-157814287
26 stocks now account for half of the value of the entire index. Apple, Nvidia, and Microsoft account of 13% of the value of the S&P on their own."
Read now: https://substack.com/home/post/p-157814287
Comments
The bubble of the AI hardware vendors will pop (will eventually recover though).
But the bubble of AI software is not going to pop. That's where the money is now.