During his "My Take," Thursday, "Varney & Co." host Stuart Varney praised the success and wealth accumulated by America's technology companies despite pushback from the left because they can't control or regulate Big Tech money.
They are the crown jewels of American business. They have accumulated vast wealth because they are good at what they do. NVIDIA TOPPLES APPLE WITH $3 TRILLION MARKET CAP; 10-FOR-1 STOCK SPLIT AHEAD They are leading the world into the digital revolution, which has become the A.I. revolution. It's good to see American companies out front. Microsoft is the most valuable of all. $3.151 trillion at Wednesday's closing price. NVIDIA has jumped into second place at $3.011 trillion.
Of course, that makes these companies unpopular in some quarters. The left isn't happy because the wealth isn't spread around evenly, and because Big Tech's money is private, so they can't control it. Worse, Big Tech is largely non-union. The horror. The Europeans don't like it, because they can't compete. The regulators don't like it because it's just, well, big and therefore monopolistic.