When will this major bull market in the U.S. stock market reach its peak? First, why has the U.S. stock market been able to usher in a major bull market against the backdrop of monetary tightening in the United States? This is largely due to the rise of artificial intelligence and the repatriation of dollars. Taking the Dow Jones Industrial Average as an example, the three companies with the largest market capitalization are all technology stocks, and they have a significant weighting in the index: Apple with a market cap of $3.5 trillion, Microsoft with $3.1 trillion, and Amazon with $2 trillion.
Looking at the constituents of the S&P 500 Index, the publicly traded companies with a market cap exceeding a trillion dollars are all technology stocks and are strongly related to artificial intelligence: Apple, Nvidia, Microsoft, Google, Amazon, and Meta, followed by Tesla.
The Nasdaq is no different.
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