The “magnificent seven” of technology mega-caps (Apple, Microsoft, Googleowner Alphabet, Amazon, Nvidia, Tesla and Facebook-owner Meta) have accounted for the bulk of the S&P 500 index’s 14% gains so far this year, says Ryan Ermey on CNBC. These seven firms have jointly grown to comprise 28% of the US stock benchmark
AI hype props up a struggling market
Oct 20, 2023
2 minutes
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