<div id="readability-page-1"><div><div>Technology's dominance on Wall Street has reached unprecedented levels, with the sector now representing 37% of the entire U.S. stock market, surpassing even the height of the dot-com bubble as mega-cap names like Nvidia Corp. NVDA, Meta Platforms, Inc. META and Alphabet Inc. GOOG GOOGL lead a five-year rally.<h2>Tech Is ‘All That Matters'</h2>On Wednesday, The Kobeissi Letter highlighted the milestone on X, formerly Twitter, writing, &#34;Tech stocks effectively are the stock market: Technology stocks now reflect a record 37% of the total U.S. stock market. That share has doubled in just 5 years. It also now exceeds the 2000 Dot-Com Bubble peak by 4 percentage points.&#34;The post added that tech's share of the global market outside the U.S. has also risen to about 11%, the highest level in four years. &#34;Tech is all that matters,&#34; the note concluded.<h2>Nasdaq 100 And QQQ's Outperformance</h2>The surge in tech valuations has been mirrored in the Nasdaq 100, tracked by the Invesco QQQ Trust QQQ, which has gained 114.72% in the past five years, according to Benzinga Pro.The index's outperformance underscores how heavily market gains have leaned on mega-cap tech names.Below is the performance of the magnificent 7 stocks, which include Nvidia, Meta, Alphabet, Microsoft Corporation MSFT, Apple Inc. AAPL, Amazon.com, Inc. AMZN and Tesla Inc. TSLA.While not all members of the magnificent 7 are rising equally — with Apple and Tesla lagging year-to-date — the group's collective strength has propelled technology's share of the U.S. market to levels never seen before.Benzinga's Edge Stock Rankings show that NVDA maintains a solid upward trajectory across short, medium and long-term horizons, with additional performance details available here.<ul> <li>Alibaba Unites Its Empire To Fight Back Against Meituan</li> </ul>Image via Shutterstock</div></div></div>

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Technology stocks now dominate 37% of the U.S. stock market, surpassing the dot-com bubble peak by 4 percentage points. This surge is led by mega-cap companies like Nvidia, Meta, and Alphabet, contributing to a five-year rally. The Nasdaq 100 has gained 114.72% in the same period, reflecting the heavy reliance on these tech giants. Despite some underperformance from members of the 'magnificent 7,' the overall strength of tech stocks has significantly increased their market share, which has also risen to 11% globally, the highest in four years.

- Technology now constitutes 37% of the U.S. stock market, surpassing the dot-com bubble peak by 4 percentage points.  
- The Nasdaq 100 has gained 114.72% over the past five years, reflecting the dominance of mega-cap tech stocks like Nvidia and Meta.  
- This surge indicates that tech stocks are increasingly central to market performance, with their global market share also rising to 11%.  

Tech Stocks Top 2000 Dot-Com Bubble Peak, Now Dominate 37% Of US Market As Nvidia, Meta And Alphabet Lead 5-Year Mag 7 Rally