one a half trillion. Nvidia is five and a quarter trillion. The stock market represents what is driving growth. The Mag 7 are much bigger. They have no rate sensitivity. whatsoever. The AI trade, despite what you'll hear from bond people, have no rate sensitivity whatsoever in what's going on. Mark Xandandy, these are true. Economy is already growing near full potential. True. Operating at full employment. True. Inflation is too high to be sure, running above 3%, but much of that is the fallout from high energy prices and tariffs. True. AI related infra
Nvidia is five and a quarter trillion.