In most (not all) technologies, the U.S. is perceived as the global leader in tech innovation. Places like Silicon Valley in California and Route 128 in Massachusetts host some of the world’s top companies like Apple, Nvidia and universities like Stanford and MIT.
These innovative tech companies, whether tech giants or newly formed startups, fuel the stock markets like the Nasdaq and the New York Stock Exchange. The historical profit and growth for American tech companies are proven. They comprise the top of the S&P 500, and the top ones are collectively known as the "Magnificent Seven."
