* Alphabet became the fourth U.S. tech company to reach $1 trillion in market value, after Apple, Microsoft and Amazon, which has since dipped below that mark.
* The five most valuable U.S. tech companies now account for over 17% of the S&P 500, up from 11% in 2015.
* Even in the face of heightened regulatory pressure, the dominant companies continue to grow and attract investor dollars.
Even as regulators bear down on the top technology companies and some lawmakers seek to break them up, Big Tech is bigger than ever.
On Thursday, Alphabet topped $1 trillion in market value, becoming the fourth U.S. technology company to reach that level, after Apple, Microsoft and Amazon, which has slipped back to about $930 billion.
Adding Facebook into that group, the five most valuable U.S. tech companies are now worth a staggering $5.2 trillion, accounting for over 17% of the S&P 500, according to FactSet. That’s up from 11% five years ago, with about two-thirds of the value, or $3.5 trillion, accruing over that stretch.
Read more ….
WNU Editor:The future has always been in tech, and will continue to be in the years to come as AI platforms continue to be developed.