Tech megacaps, led by Google, achieved a combined market capitalization of $21 trillion. This milestone represents 36% of the S&P 500's total value following a strong week for the sector.
The eight trillion-dollar companies in tech have grown significantly, driven by market performance and investor interest.
Market Impact
- Combined value: $21 trillion
- S&P 500 share: 36%
This growth underscores the dominance of tech in global markets. Source: CNBC