AI
The AI Ascent: How Mega-Cap Tech is Reshaping the Stock Market and Concentrating Wealth
The current stock market rally, marked by its impressive ascent and record-breaking valuations, is undeniably being steered by the powerful confluence of artificial intelligence (AI) and a select group of mega-cap technology companies. This narrow leadership, predominantly comprised of the "Magnificent Seven"—including giants like Microsoft (NASDAQ: MSFT)