Investors faced a tough choice. A few tech giants dominated market gains, forcing many to own them to keep up. This concentration made active fund managers struggle. Money flowed out of active funds, while passive funds saw inflows. Deviating from the market index proved costly for investors.
Apple briefly tops $5 trillion in market value, second after Nvidia; unveils iPhone leasing scheme
Apple briefly surpassed $5 trillion in market value, becoming only the second company after Nvidia to reach the historic milestone.