#ai-boom

#ai-boom

Elon Musk is at the polar opposite end of the wealth spectrum - worth so much on paper that he can gain or lose tens of billions of dollars and barely move the needle on his net worth. After just two trading days this year, the Tesla and SpaceX CEO has added $24 billion to his personal fortune, lifting it by about 4% to $644 billion, per the Bloomberg Billionaires Index.

The world's 10 wealthiest people have added a remarkable $523 billion to their fortunes this year, the Bloomberg Billionaires Index shows. Mastercard, Exxon Mobil, and Netflix are all worth less than that; their market values were between $460 billion and $520 billion at Monday's close. Oracle cofounder Larry Ellison has notched the biggest wealth gain so far this year with a $150 billion increase in net worth, to $343 billion.

"No question: we're early," said Krane. "Third pitch, top of the second inning, driving at Formula One speeds." He added: "This is a pitch clock that we've never seen before. This game is moving incredibly quickly, for better and for worse."

"My professional life is great," Singh told the Standard, "but my living situation is, like, the total opposite."

There's still plenty of room for growth as the AI race continues to unfold, and growth investors are looking toward quantum computing for the next leap.

Without the leadership of the red-hot U.S. tech sector, the S&P probably wouldn't be making new highs right about now, especially as the tariff deadline looms.