Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I learnt over the weekend that the market cap of the top five members of the MSCI All Country World Index (Apple, Microsoft, Amazon, NVIDIA and Alphabet) is in excess of the combined weight of the indices in Japan, France, China and the UK. From a purely statistical perspective, this can easily change after a few good or bad days one way or another (even before we consider the wealth of unlisted names and the like), but you get the general insight: like it or loath it, the world of Silicon Valley has become progressively more and more important over the past few years.
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.