Re:Nvidia hits $3T market cap on back of AI boom
by abduhl on Wednesday June 05, 2024 @11:32PM
(#40593144)
This is not news. Market gains generally have always been dragged along by a small percentage of companies: Focusing on aggregate shareholder outcomes, we find that the top-performing 2.4% of firms account for all of the $US 75.7 trillion in net global stock market wealth creation from 1990 to December 2020. Outside the US, 1.41% of firms account for the $US 30.7 trillion in net wealth creation.
It's already happened the other way.
50% of all S&P 500 growth comes from just 5-companies (Nvidia).
Or said differently, 495-companies can only match what just 5-companies contributed (which Nvidia is 1 of those 5).
https://finance.yahoo.com/news/meet-5-stocks-contributed-alm...