Big tech companies that make up the majority of the valuation of the S&P and Nasdaq are showing no signs of slowing.
The so-called FAANGs (Facebook, Apple, Amazon, Netflix, and Google) plus Microsoft and Tesla are now worth $9.6 trillion.
That’s about 25% of the total $38.4 trillion market value for all the companies in the S&P500.
In addition, Nvidia has a market valuation of just under $500 billion.
Will there be a correction in Q3?
Timestamps:
- NFLX 02:00
- NVDA 04:20