Have the "Seven Giants" of the US stock market risen to their peak?
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The market capitalization of the "Seven Giants" in the U.S. stock market accounts for a historic high of 32% of the S&P 500 index, sparking intense debate about whether it has risen to its peak. Bank of America strategist Michael Hartnett proposed a contrarian view, suggesting that while the concentration of tech giants is high, it is not unprecedented. If AI is regarded as a technological revolution on par with railroads, the rise led by tech giants may still have room to grow
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