Originally posted by Fraidycat
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A bit off topic, although maybe not.
Microsoft, one company, is now worth about the same as all of the companies in the FTSE 100 + FTSE 250 combined.
So the same as the top 350 UK public companies.
$3.2 Trillion dollars.
The US stock markets are booming and the economy is doing well. The US government can keep issuing more and more debt as the USD is the worlds reserve currency.
There is pressure for existing UK companies to delist from London and move to New York because they will be valued much higher over there. New IPOs like ARM are going straight there.
If AI has caused a bubble in the US tech stocks, things are not going to be good for us when it pops, even though we haven't seen many of benefits here in the UK.
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