Shares were mixed Thursday in Asia after stocks on Wall Street retreated, weighed down by losses for technology shares.

Large-capitalization U.S. stocks have outperformed virtually all comers over the past 15 years. According to some of the world's largest investment banks, that is unlikely to change in 2025.

Billionaire Ron Baron is the founder and CEO of Baron Capital Group, an investment advisor and fund manager. He recently told CNBC Tesla (NASDAQ: TSLA) could be a $5 trillion company within a decade.