As of the time of reporting, all three major U.S. stock indices have jumped by more than 1%, with both the Nasdaq and S&P 500 hitting all-time highs. The market capitalization of leading technology companies has also soared to unprecedented levels. Specifically, the combined market cap of NVIDIA, Google (Alphabet), Apple, Microsoft, and Amazon has surpassed USD 20 trillion, representing roughly 26% of the total U.S. stock market capitalization. The top ten companies by market cap in the U.S. stock market are predominantly tech giants, boasting a combined market value of about USD 28.24 trillion. This trend underscores the accelerating concentration of global capital in core assets, particularly those tied to artificial intelligence.
