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BIG TECH’S REBOUND PLAYS TO INDIVIDUAL INVESTORS’ GROWTH-STOCK BETS
NINE COMPANIES COMPRISE ABOUT HALF OF THE AVERAGE RETAIL INVESTOR’S PORTFOLIO
MANY INVESTORS GOT BURNED LAST YEAR WHEN TECH STOCKS TUMBLED AS THE FEDERAL
RESERVE RAISED INTEREST RATES TO TAME INFLATION.
Photo: Marlena Sloss/Bloomberg News
By
Hannah Miao
April 30, 2023 10:00 am ET
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Shares of large U.S. technology companies are powering the broader market higher
again, vindicating many individual investors who bet big on growth stocks.
Together, Advanced Micro Devices Inc., Google parent Alphabet Inc., Amazon.com
Inc., Apple Inc., Meta Platforms Inc., Microsoft Corp. , Netflix Inc., Nvidia
Corp. and Tesla Inc. comprise roughly a quarter of the S&P 500’s market cap,
according to FactSet. That means they have an outsize influence on the direction
of the major stock index.
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