(business, colloquial) Seven Big Tech companies or their stock: Apple, Amazon, Alphabet, Nvidia, Tesla, Meta and Microsoft.
The “magnificent seven” now account for 29% of the market value of the S&P 500, and a whopping 61% of the NASDAQ 100, up from 20% and 53%, respectively, at the start of the year.
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(colloquial, UK) Seven large private cemeteries established in London in the 19th century.
The “magnificent seven” now account for 29% of the market value of the S&P 500, and a whopping 61% of the NASDAQ 100, up from 20% and 53%, respectively, at the start of the year.
“The Magnificent Seven now account for 25–44% of the S&P 500 — a historic extreme. Our new piece examines the architecture of this concentration, sector rotation, and what it means for investors. https://post.kapualabs.com/35ee4r32 #Markets #Investing”
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