Samuel OskysAmazon surpassed the trillion-dollar mark in September to beat Apple which is now currently worth about $920 billion.
Big Tech stocks have soared in 2019 also, despite the possibility of more regulations globally, and of course trade tension between the US and China. Sales growth have remained relatively strong.
Currently, the most valuable company in the world is Microsoft, at around $1.1 trillion, thanks to its cloud business it has soared 36%.
Amazon, on the other hand, is up more than 35% and is expecting a further increase during its upcoming Prime Day shopping event. As regards Facebook, shares are up 50%, while Apple is steadily soaring at 30%. Netflix is up 45% this year also and has reached a value of $165 billion.
Having said the above, the stock market’s five largest companies have a combined value of over $4.36 trillion.
According to Daryl Deke, CEO of New Market Wealth Management, investors infatuation with tech is worrying. He says there has been a massive gap between how well Big Tech has done in comparison to other sectors which is not healthy and it could hurt investors who focus more so on tech.
Even though tech stocks are the best trade on Wall Street, Deke expresses:
Investors have been rewarded for concentrating and are being taught that diversification is bad. That’s not good for the long-term.
