TOP TECH

At the 3/2000 peak of the dotcom boom, the largest stock in the S&P 500 was Microsoft. It was worth $560 billion and accounted for 4.4% of the index. Today it’s Nvidia, worth $4.25 trillion and 7.6% of the index. Then the top 10 firms were 29% of the index, now they’re 40%. Then three of the top ten were in tech, today it’s eight. If tech should stumble…