Tech Boom
Benzinga - Dec 18th, 2024
US Stocks Led By Apple, Nvidia, And Other Tech Giants Dominate Nearly Two-Thirds Of MSCI World Index, Drawing Parallels To 1980s Peak
The U.S. has the world’s largest companies by market capitalization and about two-thirds of the MSCI World Index is dominated by companies based out of America.What Happened: U.S.-based companies ranking among the world’s top ten firms by market capitalization include Apple Inc. (NASDAQ:AAPL), Microsoft Corp. (NASDAQ:MSFT), Nvidia Corp. (NASDAQ:NVDA), Amazon.com Inc. (NASDAQ:AMZN), Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), Meta Platforms Inc. (NASDAQ:META), Tesla Inc. (NASDAQ:TSLA), and Broadcom Inc. (NASDAQ:AVGO).These magnificent seven firms along with Broadcom are the beneficiaries of the U.S. tech and AI boom. The remaining two non-U.S. firms that make up the top ten include Saudi Arabian Oil Co and Taiwan Semiconductor ...Full story available on Benzinga.com
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