Concerns Rise Over Sustainability of 'Magnificent Seven' Tech Stocks and Recommendations for Replacement
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#a8ea20c6 ver:0.24

The 'Magnificent Seven' stocks - Nvidia, Apple, Microsoft, Amazon, Tesla, Alphabet, and Meta - have been the driving force behind the growth of the S&P 500 index. However, concerns are mounting over the sustainability of their valuations and the concentration of these tech stocks in the index. In November 2023, Goldman Sachs warned that the top 10 stocks accounted for 32% of the total value of the S&P 500. As of February 2024, the Magnificent Seven were responsible for 40% of the index's growth. While Nvidia has experienced significant growth driven by the AI boom, other tech stocks like Tesla, Apple, Alphabet, and Meta have faced declines or stagnant growth. This raises questions about the sustainability of their valuations and whether the growth in AI is a bubble .

The concentration of ...

#newstr #TechStocks #S&p500 #Nvidia #Tesla #Apple #Alphabet #Meta #BerkshireHathaway #Visa 

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