Australian with retirement savings? You probably own SpaceX (theguardian.com)

Tech and AI stocks now make up as much as 12% of most balanced superannuation funds, experts say Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast Artificial intelligence and technology stocks have become a driving force on Wall Street and, unbeknownst to most Australians, a growing part of their retirement savings . The so-called “magnificent seven” – chip maker Nvidia, Google owner Alphabet, Apple, Microsoft, Amazon, Facebook owner Meta and Tesla – are, for better or worse, increasingly part of the portfolios offered by superannuation funds. Continue reading...