The Magnitude of the AI Bubble

Apollo Chief Economist

The market cap of the Magnificent Seven is now four times the market cap of the entire Russell 2000, see the first chart below.

And the market cap of the Magnificent Seven is the same size as the market cap of the stock markets in the UK, Canada, and Japan combined, see the second chart below.

Microsoft alone is the size of the entire stock market in Canada.

Market cap of the Magnificent Seven is four times that of Russell 2000
Source: Bloomberg, Apollo Chief Economist
Market cap of the Magnificent Seven is the same as the combined market cap of the stock markets in the UK, Canada, and Japan
Source: Bloomberg, Apollo Chief Economist

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