They should.
The companies with a total market capitalization of over 1 trillion dollars are as follows: Apple, NVIDIA, Microsoft, Alphabet (Google), Amazon, Meta, and TSMC. Six out of seven of them are American companies. As the image above shows, most Big Tech companies are located in the United States or Asia, as only two European companies, ASML and SAP, are ranked in the top 25. These European companies have market capitalizations of 280.78 and 267.68 billion dollars, respectively, which does not come close to the market capitalization of any of the United States’ "Magnificent 7": Apple, Microsoft, NVIDIA, Tesla, Alphabet, Meta, and Amazon. Due to the dominance of American tech companies, the primary producers of tech products in Europe are almost entirely American (Upton-Clark, 2023). When Europeans consume American products instead of their own, they intensify the power gap between American and European companies.