🇬🇧 🇬🇧 Barclays: “Mega-cap tech firms accounted for a record high 23% of [S&P 500] earnings in Q4. In other words, while Big Tech is 30% of the index, it is also a very large part of earnings. Moreover, EPS for the six largest technology firms (by market cap) was up a stunning 60% y/y. And margins have continued to expand, and are now nearly 25%”
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