Big Tech projected to represent over a fifth of S&P 500 earnings by 2023
% of S&P 500 earnings
Apple
Microsoft
Amazon
Facebook
Alphabet
2016
4%
2%
0%
1%
2%
2018
4%
2%
1%
2%
2%
2020
5%
4%
2%
2%
2%
2022
5%
5%
3%
3%
3%
