A picture is worth a thousand words but a pie chart may be more eloquent, especially when it comes to sizing up the giants of the tech industry.
Michael Batnick, director of research at Ritholtz Wealth Management, on Wednesday tweeted out a chart that underscored how absolutely dominant tech companies have become in a world where size seems to increasingly matter. (See an enlarged version of the chart here.)
The market cap of the top 5 S&P 500 companies:
$4,095,058,706,432
The market cap of the bottom 282 S&P 500 companies:
$4,092,769,755,136 pic.twitter.com/qqcuOs0Qki
— Michael Batnick (@michaelbatnick) July 18, 2018