Despite extreme volatility and flash crashes in recent years, the US stock market continues to climb, led by megacap tech companies advancing the innovation and adoption of artificial intelligence worldwide.
Mag 7 stocks have returned considerable value to shareholders and are presenting the profound impacts of AI as a way to higher wealth creation opportunities. Elon Musk's companies, however, appear to stand out, given the upcoming SpaceX initial public offering that is expected to be a major wealth creation event.
