The world took notice when Apple (AAPL) blew by the $1 trillion market cap mark.
But step back and consider how much wealth Silicon Valley companies have generated in recent years.
Check out this chart by Bespoke Investment Group.
Tech Titans
It shows the incredible run by four stocks: Apple, Amazon (AMZN), Google parent Alphabet (GOOGL) and Microsoft (MSFT).
As Bespoke puts it:
At the Financial Crisis lows in March 2009, these four stocks had a combined market cap of just $325 billion. Now they combine to make up $3.5 trillion in market cap — more than 10x their total less than ten years ago. At the depths of despair in early 2009, investors were fleeing stocks when they should have been “buying low.”
Takeaway
In my view, these companies should be called “the fantastic four.”
I think the stock market rally that began in March of 2009 is one of history’s longest.
And, in my opinion, America’s tech giants are one big reason why.
Photo Credit: Aaron Yoo via Flickr Creative Commons
