We already are seeing the futuristic dystopia unfold before our eyes in 2023. In 2024 it will only become more and more exacerbated by AI integration.
This is known as a “Winner-Takes-All Market”:
https://www.investopedia.com/terms/w/winner-takes-all-market.asp
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CNBC’s Jim Cramer recently used the new tagline to describe Apple, Microsoft, Nvidia, Amazon, Meta, Tesla and Alphabet.
Oh dear
Aren’t those mostly the exact same companies as FAANG?
FAANG included Netflix; Nvidia and Tesla weren’t part of FAANG