This a true statement, but I do not like the presentation of the honorific coming from that nick. GAH!! heheh
I think you are more talking about sector risk. In the S&P7. It doesn’t matter - monopoly risk apart - in how many companies this is dispersed, eg 30 or 7. When money will flow out AI it doesn’t matter that much in how many companies it was located. Even when it is more dispersed, all go down no matter what
The Mag 7 megacap are all consumer facing. Even Nvidia was mostly known for its a graphics cards for gamers. You don't see Snowflake in the Mag 7. Hopefully AI will be relegated to an eternity of servitude.