Big Tech is leading the world in innovation, productivity and these are likely the champions for shareholder returns over the next decades.
• The recent Big Tech surge is good news for anyone chasing the sector higher, but several strategists highlight it's a sign investors have lost their risk appetite.
• The top five publicly-traded American companies - Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), Alphabet (GOOG, GOOGL), Amazon (NASDAQ:AMZN) and Facebook (NASDAQ:FB) - now make up a record 18% share of the S&P 500 Index's capitalization.
• That ratio is higher than the tech bubble, according to Morgan Stanley, amid fears the economic cycle will slow.
Big Tech 5 companies market caps as of 14 Jan 2020 are as below:
1) AAPL - $1.4T
2) MSFT - $1.25T
3) GOOGL - $1T
4) AMZN - $940B
5) FB - $634B
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