American Tech Inc.'s total market cap reached $ 9.1 trillion

 

The total market capitalization of US technology companies has reached $ 9.1 trillion. This is more than the total market capitalization of all the companies listed on all the stock markets across Europe. This has been said in a report of Bank of America. According to the report, in 2007, the European market was four times larger than the US technology companies.

 

Bank of America Global Research said in a report that for the first time, the market cap ($ 9.1 trillion) of companies in the US technology sector has exceeded Europe's MCAP. The total market cap of all the companies listed in all the markets of Europe is currently at $ 8.9 trillion. It also includes markets in the UK and Switzerland.

 

FAANG and some other technology stocks dominate the US markets and indices these days. There has been a lot of bounce in them recently Five of America's biggest tech companies are called Fangs for short. These include Facebook, Amazon, Apple, Netflix and Alphabet (Google's old name). In January, the top five tech stocks Apple, Microsoft, Google, Amazon and Facebook had a 17.5 per cent stake in the S&P 500. During the Coronavirus epidemic, the share of these 5 stocks in the index rose to over 20 per cent as various funds invested in tech companies. In the market cap of $ 9.1 trillion, Apple's market cap alone is more than $ 2 trillion.

 

According to the report, due to the surge in the US market in the last decade, even American tech companies have outpaced the whole of Europe in terms of valuation. Since the beginning of 2010, the US index S&P 500 has risen nearly 200 per cent since then. In the same period, Euro Stocks 50 has gained just 13.4 per cent and the UK's FTSE 100 has risen by less than 11 per cent.