The world’s hottest tech companies are now worth more than $5 trillion, and they could be pointing out the next big bubble
|06/19/2018||Posted by BusinessMediaguide.Com under General World News||
- The most prominent US and Chinese tech stocks are worth more, by market cap, than the stock markets of the eurozone and Japan.
- Facebook, Amazon, Apple, Microsoft, Google, Baidu, Alibaba, and Tencent are worth $5 trillion, according to data compiled by Bank of America Merrill Lynch. US tech stocks are worth even more, at a $6.6 trillion market cap.
- Michael Hartnett, BAML’s chief investment strategist, has cited this size as a reason investors should reduce their exposure to tech stocks.
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