Tech Stocks on Fire: Apple Is Worth $3 Trillion

The video discusses the significant gains in the NASDAQ 100, driven by mega cap tech stocks and AI enthusiasm. It highlights the market's focus on these stocks, questioning if fundamentals align with valuations. Apple's $3 trillion market cap exemplifies big tech's dominance, but also raises concerns about market concentration risks. Despite these concerns, the fundamentals of these companies remain strong, with growth in areas like cloud computing and ecommerce.

What has been a major driver of the NASDAQ 100's gains in 2023?

• Healthcare stocks

• Automobile stocks

• Renewable energy stocks

• Mega-cap Internet and technology stocks

Which company's stock performance is highlighted as having tripled in value?

• Apple

• Amazon

• NVIDIA

• Tesla

What are some of the main drivers of growth for big tech companies?

• Real estate and construction

• Cloud computing and e-commerce

• Oil and gas exploration

• Retail and hospitality

What is the market cap of Apple as mentioned in the transcript?

• $1 trillion

• $2 trillion

• $3 trillion

• $4 trillion

What risk is associated with the dominance of the 'big seven' tech companies?

• Decreased consumer interest

• Lack of innovation

• Market concentration and top heaviness

• Increased competition from small startups