<p>Apollo Fund: The S&amp;P 500 index has never been so highly concentrated, and its valuation level has now surpassed that of the last speculative bubble in the technology sector—the famous &#34;Internet Bubble&#34; period. The seven tech giants—Alphabet, Amazon, Apple, Meta, Microsoft, NVIDIA, and Tesla—are exerting unprecedented influence, currently accounting for over 30% of the total market capitalization of the S&amp;P 500. NVIDIA, which has become the leader of the index, has a price-to-earnings ratio as high as 51 times</p>

TSLA

NVDA

AMZN

AAPL

MSFT

<p>Apollo Fund: The S&P 500 index has never been so highly concentrated, and its valuation level has now surpassed that of the previous tech sector speculative bubble—the famous "dot-com bubble" period. The seven tech giants—Alphabet, Amazon, Apple, Meta, Microsoft, NVIDIA, and Tesla—are exerting unprecedented influence, currently accounting for over 30% of the total market capitalization of the S&P 500. NVIDIA, which has become the leader of the index, has a price-to-earnings ratio as high as 51 times</p>

News