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Russia’s Game of Thrones, Small Caps’ Big Gains, and Legacy Media Meltdown 6/26/23

The Exchange

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The Rise of the Big Cap Tech Concentration

Big cap tech concentration is back in focus for a number of reasons, particularly when you're dealing with these kinds of valuations here. Apple's got a nearly $3 trillion market capitalization. That's about the GDP of France. How about Microsoft? It's about as big as Mexico if you compare its market cap to the GDP of Mexico. Tesla is bigger than Taiwan at this point at $839 billion.

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