Mmastodon BusinessBusiness first seen 2 d ago, last 1 d ago, peak #1
Magnificent 7 dominating S&P 500 gains, commentary argues
Original: You’ve undoubtedly heard of the Magnificent 7 tech giants – Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla –
Commentary on US markets points to the so-called Magnificent 7 – Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla – as the drivers of stock market performance, arguing that without these seven tech giants the remaining 493 companies in the S&P 500 have delivered little in the way of returns. The concentration of gains in a handful of AI-linked stocks is raising questions about how narrow the market rally really is.
Why now: Investors are debating the extreme concentration of market gains in seven AI-focused tech stocks.
AlphabetAmazonAppleMicrosoftNvidia
Rank over time, top of the chart is #1. 5 snapshots from 2 d ago to 1 d ago.
Evidence
- You’ve undoubtedly heard of the Magnificent 7 tech giants – Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla – at the forefront of AI and the Nasdaq exchange. Take them out of the S&P 500, and you’ll see that the other 493 companies haven’t received the financial… · TechDesk@flipboard.social · 7
API: https://socialmediatrends-api.osmike.com/v1/trends/3661714