Institution: AI Dividend Mainly Benefits Tech Giants, Small-Cap Stocks' Productivity Continues to Decline

BlockBeats News, June 10th, Independent macro research and analysis firm Kobeissi Letter released an analysis article stating that the average revenue per employee of the U.S. "Magnificent 7" has risen to about $270,000, reaching a new high in at least three and a half years. Since the beginning of 2023, this metric has increased by about $45,000, a growth of about 20%.

During the same period, the average revenue per employee of Russell 2000 small-cap companies has decreased by about $20,500, a decline of about 14%, falling to around $122,000, reaching a new low in at least three and a half years. The remaining 493 S&P 500 component companies have an average revenue per employee of about $195,000.

The data shows that the revenue generated by employees of the Magnificent 7 tech giants has exceeded twice that of Russell 2000 companies' employees and is about 38% higher than the average of the remaining S&P 500 companies. This trend reflects the continuous improvement in production efficiency driven by layoffs optimization and revenue growth in large tech companies, while small and medium-sized enterprises have not yet significantly benefited from the efficiency gains brought by AI. Market productivity growth is further concentrating towards top-tier companies.