The wisdom of crowds doesn’t always prevail. But more than $10 trillion has been wagered that it will in the coming year.
The combined market values of Apple Inc., Microsoft , Google-parent Alphabet Inc., Amazon . com and Meta Platforms—the company once known as Facebook —stand at $10.1 trillion as of Wednesday’s close. That’s up from $7.5 trillion at the start of the year, reflecting a 35% rise that exceeds the gains of the Dow, S&P 500 and Nasdaq Composite in what has been another strong year for stocks.
