Tech Dominance in Global Stock Market

Tech companies, particularly Nvidia, hold significant weight in the global stock market due to their unique products and dominance. Unlike the past where companies like Cisco led the market, tech giants now play a crucial role in the market's index. The US leads in exporting technology, with Nvidia's high-value chips creating a substantial moat around the company. As labor costs transform into technology, the US emerges as the primary tech supplier. While tech currently represents about 18% globally, it is expected to rise to 40-50%. This transition signifies a shift towards capital investment over recurring labor costs, indicating the growing importance of tech stocks in the market.