AI-Fueled Market Surge: AI enthusiasm has driven a massive stock market boom. Tech giants known as the “Magnificent Seven” (Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla) now account for over one-third of the S&P 500’s value – a level of concentration more than double that of top tech stocks at the peak of the 2000 dot-com bubble.
Source: AI Gold Rush or Bubble? Tech’s Trillion-Dollar Question