Keep pulling the thread on S&P 500.
The NASDAQ 100 index has returned nearly 650% over the past 10 years.
The NASDAQ 100's 10-year return of nearly 650% is higher than the Dow Jones Industrial Average in the 1920s, the S&P 500 in the 1950s, and Japan's market in the 1980s.
The market capitalization of semiconductor stocks in the SOXX index has grown from 6% to 22% of the S&P 500's total market cap in just over a year.
Micron's stock is trading at 9.7 times its estimated 2026 earnings and 7 times its estimated 2027 earnings.
The forward P/E ratio for the S&P 500 has fallen 4% year-to-date, even though the index itself is up 8%.
SK Hynix and Samsung comprise 50% of South Korea's stock market index.
South Korea has overtaken Canada and the United Kingdom to become the world's 7th largest stock market.
Ben predicts that AI will significantly accelerate globalization from a knowledge, talent, and business perspective.
According to Morgan Stanley, hyperscale companies are projected to spend $800 billion on AI capital expenditures this year and $1.1 trillion next year.
Projected AI capital expenditures for next year would represent 3.3% of U.S. gross domestic product, exceeding projected spending on national defense.
Shopify's CEO has instructed teams to first demonstrate why AI cannot perform a task before requesting additional headcount.
Entry-level hiring at major technology companies has fallen by more than 50% compared to pre-pandemic levels.