On TCAF this week, Josh Brown and Michael Batnick spoke with returning guests, Ben Carlson author of the new book Risk and Reward: How to Handle Market Volatility and Build Long-Term Wealth and Kai Wu, Founder and CIO at Sparkline Capital. They discussed the AI boom, Nvidia’s massive run, Anthropic’s explosive growth, the Cerebras IPO, and whether today’s tech giants are becoming the new utilities. (Listen)

It’s not your imagination. There really are more companies with at least a $100 billion market capitalization. Matt Cerminaro at Chart Kid Matt has another chart that shows the breakdown by sector. Not surprisingly a big chunk of it comes from the tech sector.

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Next week on TCAF, Josh and Michael will be joined by Ben Smith and Liz Hoffman of Semafor, a new-ish, global news platform.