@darthnull@infosec.exchange @mnalis@mastodon.online @briankrebs@infosec.exchange Other sources/calculators say the nominal *increase* in the whole index has been 172% over the same time period, equal to 16.45% growth per year. (So $100 invested in January 2019 is $272 now.) If we strip out the Magnificent 7 firms, maybe that's where 132% increase comes from. Annual growth in the neighborhood of 12% as @darthnull@infosec.exchange said. Everyone seems to be talking about a thought experiment: "What would the US stock market look like if AI didn't exist?" It's a good question. But cutting out only those seven firms wouldn't really isolate the effects. It's complex and probably impossible to answer, because other non-AI firms are affected by all that borrowing and spending.