Deep Dive: Big tech is 'impossible to avoid' but few investors know how to value it

Price of high valuations

‘Big tech’ stocks dominate global markets, but despite their prevalence few investors know how to properly value some of the world’s biggest companies.

North American equities comprise around 70% of the global equity index and, within the US alone, technology accounts for around 30% of the S&P 500 and 60% of the Nasdaq, with just seven firms representing the majority of this. Apple, Microsoft, Amazon, Nvidia, Tesla, Google, Alphabet and Meta make up 25% of the S&P's technology equity cap - "the newly named 'Magnificent Seven'", according to Chris Rush, IBOSS investment manager. Stock Spotlight: $1trn Nvidia 'go-to solution for generative AI' The group has been renamed several times in the past couple of decades to reflect new addi...