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Ever since the original public release of ChatGPT in late 2022, artificial intelligence (AI) has been a key driver of massive stock market gains for any industrious company.
RELATED: $5.4t floods into 10 leading AI companies’ market cap since ChatGPT debut
Indeed, as Finbold research found, the 10 biggest companies involved with AI have seen their market capitalization explode by more than $8.7 trillion in just under 26 months, from a total of $7.2 trillion to their current time valuation of $16 trillion.
The semiconductor giant Nvidia (NVDA), has been a major winner of the technological development as it saw its valuation explode by $3 trillion and as it became the world’s second-biggest company.
Why the AI boom might not be all good news
The rapid expansion and an even larger focus on big tech, however, might have also generated some substantial systemic risks. As Andreja Stojanovic, a co-author of the research, noted:
“Last year saw substantial value concentration within just a handful of American companies that outperformed the broader market. Although AI was the primary buzzword of 2024, the tech sector as a whole grew significantly. Finbold research revealed that its 10 largest firms grew by $6.6 trillion over 12 months.”
Apple, Nvidia, and Microsoft alone account for 62% of the total valuation of top AI firms, while the 10 biggest AI companies together represent a substantial portion of the total U.S. stock market.
Read the full story with statistics: https://finbold.com/8-7-trillion-pours-into-worlds-10-largest-ai-companies-market-cap-since-chatgpt-debut/
