Unpacking the Puzzle of the ‘Magnificent 7’
May 9, 2024 | Equities, Public Markets
Why investing in monikers like the ‘Magnificent 7’ for AI exposure will only end in tears
Is every stock that makes up the ‘Magnificent 7’ equally magnificent, or are some more equally magnificent than others? The latter looks increasingly true. For while our obsession with the so-called ‘Mag 7’ creates the illusion of a Big Tech collective, our analysis of consensus earnings expectations reveals a growing performance disparity that puts into question whether ‘magnificent’ is – at least for some of the group – a bit of an overreach.
Original article published by Trustnet.
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