As a reminder, even Apple didn't hit 1T market cap until late 2018. We didn't get a second in the 4 comma club until mid 2019 with MSFT. Google and Facebook in 2021.
And now we have 4 companies above 3T and 11 in the 4 comma club. Back when the iPhone was released oil companies were at the top and they were barely hitting 500B.
So yeah, I don't think anyone has really been displaced. Nvidia at up, Broadcom at 7, and TSMC at 9 indicate that displacement might occur, but that's also not the displacement people are talking about.
And now we have 4 companies above 3T and 11 in the 4 comma club. Back when the iPhone was released oil companies were at the top and they were barely hitting 500B.
So yeah, I don't think anyone has really been displaced. Nvidia at up, Broadcom at 7, and TSMC at 9 indicate that displacement might occur, but that's also not the displacement people are talking about.