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I was just looking at the ranking of American companies by market capitalization and am amazed at how tech giants dominate the top spots. NVIDIA has already surpassed the $4.46 trillion mark, Microsoft and Apple hold positions above $3.6 trillion. It's interesting to see how Alphabet and Amazon also remain in the multi-trillion dollar club.
I notice that financial institutions like JPMorgan Chase and Goldman Sachs are still on the list, but their share is clearly smaller than that of the tech leaders. Even Tesla with $1.37 trillion appears more modest than it seemed before.
By the way, I was also tracking crypto assets — WLD dropped 2.21% and is trading at around $0.25, while FDUSD maintains stability around $1.00. An interesting contrast between traditional American companies and digital assets.