The actors on the tech stage will inevitably change. The top 8 companies in the S&P500 are all tech stocks. Now, roughly 80% of the Nasdaq-100 is represented in the S&P 500. Before the year 2000, the Nasdaq-100 (the 100 largest companies in the Nasdaq) made up a fraction of the S&P500. However, as mentioned earlier, the expansion of tech has led to the blending of tech in other sectors and as well as other indexes. The spread is meaningful, but not extreme. Since 1980, the average annual rate of return for the Nasdaq is 13.92% versus the S&P500 at 10.15%. The stock market can add relevance and context to the story of tech. As AI gets better each day at finishing our sentences, perhaps the 2030’s will see an iteration that begins our sentences. AI and large language models (LLMs) are already the 2020’s disruptor of computing, but its impact on remaking other sectors of the economy is in the early innings. Along the way, OpenAI (creator of ChatGPT) was founded in 2015 as an artificial intelligence research lab. Microsoft, Amazon, and Alphabet (Google) also passed the trillion-dollar milestone. In the year 2020, Apple’s market cap eclipsed $2.2 trillion, more than 11x its size ten years prior. The 2010’s furthered the all-encompassing power of mobile and cloud technologies as big tech became mega tech. The first iPhone was released in 2007 and by the end of the decade, Apple, which had never been a top 10 tech company before, soared to a market cap of $191 billion in 2010. Google went public in 2004 and became the 2 nd biggest tech company in the world by 2010 (market cap $197 billion).
The power of mobile and cloud technology was unleashed on the world. The 2000’s was a decade when smaller became bigger. However, history showed this to be an economic speed bump on tech’s fast track. The internet craze inflated the dot-com bubble, which eventually crashed in 2000. Cisco shared a similar story having gone public in 1990 and growing to become the 2 nd largest tech firm in 2000 (market cap $355 billion). As a testament to the speed of economic growth possible in tech, GE was founded in 1892, whereas Microsoft went public in 1986, taking just over one decade to become the biggest company ever. As Y2K fears subsided and the new millennium arrived, Microsoft achieved an unheard-of market cap of $604 billion, almost $100 billion bigger than the 2 nd largest company at the time-General Electric. The 1990s brought about the advent of the internet.
IBM continued to climb to a market cap of $54 billion in 1990, but other companies like Panasonic, who introduced their first notebook computer that year, watched their market cap reach $33 billion. Throughout the 1980s, the personal computer embedded itself in homes and offices around the world. IBM took over most of the market and earned its spot as the top publicly traded tech firm in 1980 with a market cap of $38 billion. In the 1970’s, it was the computer mainframe that became a technological mainstay. Nowhere has this form of disruption been more apparent than in big tech’s dominance of the stock market. Tech may be synonymous with brand new and cutting edge, making it easy to forget that technology as a sector has been running wild for quite some time. Its launch point may be best marked by the 1970’s, with the creation of the Nasdaq (a tech-heavy stock exchange) in 1971 perhaps serving as an omen.Įvery decade since has let a new genie out of the bottle technological advances that disrupt the norm exiling the old way of doing things never to return. But over time, tech became so innovative as to claim its own sector of the economy. If it works fine there, then it could be related to permission errors.Technology and innovation have always been intertwined. You may also try logging in to Hidden Admin account ( ). old folders and Illustrator will recreate new folders with default settings. This way all your old settings will be saved in. **Please note that resetting preferences will remove all the custom settings and Illustrator will launch with default settings.
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