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NVIDIA, Apple, and Microsoft now account for approximately 21% of the S&P 500's total market capitalization, a level of concentration that 24/7 Wall St.
co-founder Doug McIntyre and senior writer Lee Jackson argue could determine the direction of the entire stock market.
In a recent discussion, the pair highlighted that millions of investors may be taking on more risk than they realize due to this dominance by three technology giants.
Much of the current market enthusiasm is driven by artificial intelligence, with companies such as NVIDIA, Microsoft, Alphabet, Amazon, and Meta Platforms benefiting from enormous expectations for AI growth.
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