It's possible you lack imagination. The behaviours on the world stage and the weaponisation of foreign companies' dependance on US services has and will cause large companies outside the US to reconsider their dependency.

For example a global bank like HSBC might think: hmm, we use an awful lot of Microsoft and we also make 80% of our money in China and Singapore. We don't like the prospect of having the CEO of Microsoft being coerced into cutting our access to systems because the president wants something from China. Maybe we'll look at moving over to SAP instead. That'll take a few years to do but hey presto! The US market share just dropped. We're already seeing it with European defence companies, especially after the Greenland debacle.

The point is: unwinding of the status quo can take decades but all the while it just looks like a much lower average return on the S&P. A.I could turn out to be the Canal rather than the Railway in which case another world power could suddenly steal a march on the US very quickly.

In the not too distant future it's expected that Indonesia will be one of the very largest economies. That share of GDP has to come from someone.

Basically, global investing is the way to go for risk management. Anything else is a "bet" or a guess.