Technology stocks account for 38% of US stocks! Global funds are flocking in frenzy—does this signal greater risk or the dawn of a new era?

If someone had said ten years ago that the information technology sector would make up nearly 40% of the MSCI US Index, many would have thought it was science fiction.

Today, tech giants have truly become the "traffic drivers" of the global capital market.

From AI to cloud computing, from chips to robotics, capital keeps concentrating in high-growth areas.

Some worry about the over-concentration.

But looking at it from another angle, every industrial revolution gives birth to its own super cycle.

The railway era had railway stocks; the internet era had tech stocks.

And in the AI era, there will naturally be new kings of the technological revolution.

The market never rewards egalitarianism.

Industries that truly boost productivity tend to receive more valuation premiums.

Perhaps 38% is not the end, but merely the starting point of a new era.#0成本拿2股SK海力士