Here’s a Weight-Loss Plan for the Magnificent Seven
11/28/2023 14:42
Where there’s a will, there’s a weight: How to balance FOMO against overcrowding in the same index-distorting tech giants.
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How do we solve a problem like the Magnificent Seven? The Acronym of the Year applies to the seven big internet platform companies — Apple Inc., Amazon.com Inc., Google-owner Alphabet Inc., Facebook-owner Meta Platforms Inc., Microsoft Corp., Nvidia Corp. and Tesla Inc. Collectively, they’ve pounded the rest of the market into submission. Between them, they account for 28.9% of the S&P 500.