Australian with retirement savings? You probably own SpaceX

Tech and AI stocks now make up as much as 12% of most balanced superannuation funds, experts say

• Get our https://www.theguardian.com/email-newsletters?CMP=cvau_sfl">breaking news email, https://app.adjust.com/w4u7jx3">free app or https://www.theguardian.com/australia-news/series/full-story?CMP=cvau_sfl">daily news podcast

Artificial intelligence and technology stocks have become a driving force on Wall Street and, unbeknownst to most Australians, a growing part ofhttps://www.theguardian.com/australia-news/2026/jun/26/labor-budget-cgt-changes-capital-gains-tax-superannuation-super-smsfs-greens-deal-support"> 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.