Good returns: People at a showroom of Nvidia Corp in Taipei, Taiwan. The company is one of Big Tech firms who are expected to ‘deliver’ in the earnings season, which gets underway on Friday. — Bloomberg
NEW YORK: Wall Street strategists are increasingly voicing concerns about the concentration of Big Tech stocks in this year’s stock market rally. But if history is any guide, there’s little reason to fear.
Apple Inc, Microsoft Corp, Google parent Alphabet Inc, Amazon.com Inc, Nvidia Corp, Tesla Inc and Facebook owner Meta Platforms Inc now make up 28% of the S&P 500 Index’s total value, up from 20% at the start of the year, with a combined capitalisation of around US$10 trillion (RM46 trillion).
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