š #GateSquareCommunityChallenge# Round 1 ā Who Will Be The First To The Moon?
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Ends at 16:00, Sep 17 (UTC)
š„The MARKET CONCENTRATION is at RECORD levels. Why does this matter? Let me explain:
š¤Æ #Nvidia is now worth more than entire economies and represents 3.6% of GLOBAL GDP
- $NVDA became the first company in the world to reach a market capitalization of $4 TRILLION. This represents 3.6% of global GDP.
-To size:
š¬š§ United Kingdom: 3.2% of the global GDP
š«š· France: 3.1%
š©šŖ Germany: 2.8%
šAnd that's not all...
- Today, the 10 largest companies in the SP500 already represent 37% of the index.
- At the peak of the Dot-Com bubble ( in the year 2000, that number was 27%.
-In addition, those 10 companies generate 30% of the total profits of the index, well above the historical average of 20%.
-This is a CLEAR extreme concentration.
Why does this matter?
šBecause the market has become more fragile and dependent on a few megacorporations.
šThe entire financial system is betting that Big Tech will continue to grow without stopping.
šIf these companies have declines, they would drag the entire SP500 down.