Fourteen companies now exceed $1 trillion market cap, driven by AI demand, with combined valuations nearing $35 trillion.
Fourteen companies now hold market capitalizations above $1 trillion, up from just one in 2018. The surge is largely fueled by AI-related demand, with SK Hynix and Micron Technology joining the list after stock gains of up to 1000% over the past year.
The group, which includes Apple, Microsoft, Nvidia, and Amazon, now totals about $35 trillion in combined market value—slightly exceeding U.S. GDP. Only Berkshire Hathaway and Saudi Aramco remain largely untied to AI.
The rapid expansion of the trillion-dollar club underscores the dominance of AI-driven growth in equities, raising concerns about concentration risk in global markets.