AI euphoria on the stock exchange | News.at

2023-07-08 02:57:00

By mid-year, 23 tech companies were among the top 100 most valued listed companies in the world, according to the consulting firm EY. At the beginning of the year there were only 19 companies.

The value of the technology companies rose by 45 percent over the course of the half-year. “No other industry has been able to record an even remote increase in value,” explained EY. The stock market value of the chip manufacturer Nvidia rose by almost 200 percent. The US company thus improved from 17th place in the stock exchange ranking to 6th place. The value of all companies in the top 100 rose 20 percent to $34.4 trillion.

Apple and Microsoft occupy the first two places. A total of 62 companies in the top 100 are from the USA, 19 companies have their headquarters in Europe, according to EY.

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