2024 First Quarter

The top six Big Tech stocks, as represented by Alphabet (Google), Amazon, Apple, Microsoft, Meta (Facebook) and NVIDIA, are big, profitable businesses to be sure.  Likely to get bigger?  What can be said is that the rest of the world has gotten smaller, relatively speaking.

Combined, the six Big Tech stocks are worth more than all the national stock markets of Europe.  They are worth nearly half the stock market capitalizations of Asia, including China, Japan and India.
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The market value of the U.S. technology sector is worth almost 40% of the U.S. stock market.  The six Big Tech stocks compose two-thirds of all U.S. technology stocks.
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Big Tech, bigger than Europe’s stock market.  Big Tech, greater than China + Australia.  Big Tech, larger than Japan, India + Canada.