It is also equal to the market cap of all gold miners COMBINED. the NYSE gold miners index mkt cap is presently $507b.
The Kobeissi Letter
The Kobeissi Letter31.7.2025
This is absolutely insane: Microsoft, $MSFT, and Meta, $META, have added a combined $550 BILLION in market cap since 4 PM ET yesterday. That's ~$140 billion more than the entire market cap of Costco and ~$50 billion more than Netflix is worth. We are so early in the AI revolution.
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