Since ChatGPT’s debut in November 2022, the six largest tech companies have seen their market value skyrocket by over $8 trillion, driving a 30% rise in the S&P 500 since January 2022. In comparison, small-cap companies delivered a modest 15% return. This remarkable growth underscores the pivotal role of AI in reshaping the market, as evidenced by the data from Bloomberg as of November 2024.
My Take
The explosive growth in Big Tech highlights the urgency of smaller companies leveraging AI to stay competitive.
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Credit: Visual Capitalist