Since the Federal Reserve raised interest rates in 2022, high interest rates have been maintained for more than two years, drawing global capital towards the United States, exerting depreciation pressure on the currencies of various countries, and causing the US dollar index to continue to rise.

Before completing the real wealth harvest, the Federal Reserve has always been unwilling to lower interest rates, always using various data as a cover, and the wavering signals are constantly disturbing the global financial market.

During this period, the US stock market also started a continuous upward trend, especially the US technology stocks have been continuously rising, becoming the main driver of the rise of the US stock market.

In the latest list of the top 500 companies in the United States published by Fortune magazine, Apple Inc. once again became the company with the highest net profit in the United States with a net profit of 96.9 billion US dollars, and Apple's market value also continued to rise, currently reaching 3.29 trillion US dollars, setting a historical record.

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With the support of the AI concept, Bill Gates' Microsoft's market value has reached 3.32 trillion US dollars, also setting a historical record.

However, the current strongest enterprise in US technology stocks is still NVIDIA, with the latest market value reaching 3.34 trillion US dollars, surpassing Apple and Microsoft in one fell swoop, becoming the company with the highest market value in the United States, and also the world's largest market value giant, which can be called the "world stock king."

So far, the United States has produced three technology giants with a market value of more than 3 trillion US dollars, and the total market value of these three companies is as high as 9.95 trillion US dollars, equivalent to 7.2 trillion yuan, and the market value of the three companies in the United States is almost crushing the stock market of most countries in the world, which can be said to be very crazy.

Among them, NVIDIA's market value is 3.34 trillion US dollars, equivalent to 2.4 trillion yuan, while Alibaba's market value in the country is 1.3 trillion yuan, Tencent's market value is 3.36 trillion yuan, NVIDIA's market value is equivalent to 18 Alibabas, 7 Tencents, and the total market value of Alibaba and Tencent is less than one-fifth of NVIDIA's.From a global perspective, Nvidia's current market value has already exceeded the GDP of the United Kingdom. The UK's GDP for 2023 is 3.3 trillion US dollars, and the GDP of Shanghai, the largest city in China, was 4.72 trillion yuan last year. Nvidia's market value is almost equivalent to the GDP of five Shanghais.

The market value of the "big three" in the US stock market has reached a new height. Without discussing how much of it is a bubble, looking at the financial reports of the three giants, their profitability is almost unmatched.

Among them, Apple's net profit for the fiscal year 2023 was 96.9 billion US dollars, equivalent to 703.1 billion yuan, which is close to 2 billion yuan per day.

Nvidia's revenue in the latest quarter was 26 billion US dollars, with a net profit of 14.8 billion US dollars, equivalent to 107.4 billion yuan, which is close to 1.19 billion yuan per day.

Microsoft's revenue in 2023 exceeded 200 billion US dollars, with a net profit of 72.3 billion US dollars, equivalent to 524.6 billion yuan, which is 1.43 billion yuan per day.

In China, only the profits of the four major banks can barely catch up with the three major US technology giants. The most profitable Industrial and Commercial Bank of China has a net profit of 360 billion yuan, which is only about half of Apple's profit.

Therefore, the profitability of US technology giants in the stock market is unquestionable, and it is difficult to find rivals in the world. However, can Nvidia, with a revenue of tens of billions of US dollars a year, support a market value of 3.3 trillion US dollars? How big is the bubble in this?

Wall Street analysts believe that Nvidia's market trend has not ended, and its market value may rise to 4 trillion US dollars or even 5 trillion US dollars.

However, some experts point out that the bubble in US technology stocks is getting bigger and bigger, very similar to the US internet bubble around 2000. Nvidia's market value increased from 2 trillion to 3 trillion in less than 100 days, while Microsoft and Apple took nearly 1000 days.NVIDIA currently dominates 80% of the AI chip market, effectively monopolizing the market with a terrifyingly high profit margin. Looking at the global AI industry, NVIDIA is currently the only company that has achieved profitability. Coupled with its unique technological monopoly, its high-priced chips are in short supply and demand, and profits continue to soar.

The price of a single NVIDIA chip, the H100, ranges from $30,000 to $40,000. Even though it seems expensive, it is still being snapped up by tech companies. Tesla purchased 35,000 H100 chips for training its autonomous driving models, and the AI large models of American tech giants all require NVIDIA chips. At this stage, NVIDIA chips are not at all worried about sales.

Furthermore, the market believes that AI will usher in the fourth industrial revolution for humanity, and NVIDIA is at the core of the trend. NVIDIA's GPU chips are regarded as the "oil" of the technology field, which is also an important factor in its market value continuing to rise.