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...[TICKING CLOCK SOUND PLAYING] Katie Martin So these seven stocks are Amazon, Apple, Microsoft, Alphabet, Tesla, Meta and — the Mcdaddy of them all — Nvidia. Claer Barrett Mm! And that makes seven....
...Nevertheless, “investors are skittish on what came out of China”, said Dave Wagner at Aptus Capital Advisors....
...While four of the seven have continued to outperform the wider stock market, Alphabet has lagged behind the S&P 500, and Tesla and Apple have been the two largest drags on the index....
...among the so-called Magnificent Seven tech stocks....
...The odd ones out are Apple and Tesla. Apple is not currently seen as a major beneficiary of the AI boom....
...Apple claims the device also offers the “perfect workspace” for multitasking and collaborating. Apple unveiled the headset in June 2023 after seven years in development....
...Canalys said that smartphone shipments increased about 8 per cent year on year in the fourth quarter, reversing seven consecutive quarters of decline, as demand from holiday shoppers improved....
...The Vision Pro has a minimum price of $3,500, which is seven times more expensive than Meta’s latest Quest headset, launched last year....
...Not for nothing have Microsoft, Amazon, Meta, Apple and Alphabet — along with chip company Nvidia and electric-car maker Tesla — been dubbed the “Magnificent Seven” for their outsized contribution to stock...
...What is more, the seven are very different, both as businesses and as stocks....
...To be clear, the valuation charts of the rest of the magnificent seven big tech stocks do not look like this....
...Investors will look for signs that multibillion-dollar investments made by big tech companies into developing artificial intelligence are translating into financial gains, as the “Magnificent Seven” report...
...They have trailed the index in seven out of 10 years....
...Four months ago, the FT’s Rob Armstrong and Elaine Moore placed their bets on two portfolios of three stocks each picked from the “Magnificent Seven” tech stocks that have been dominating markets this year...
...This extreme concentration was driven by the continued rise of the Magnificent Seven of Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla, which added $5.4tn to their market capitalisation last...
...All save Apple are facing big antitrust challenges from US authorities, and Apple could face its own as soon as March....
...The so-called “Magnificent Seven” — Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta and Tesla — have driven equity returns this year....
...Part of the problem is that investment advisors and mutual funds have been running just to stand still....
...Both Apple and Amazon, which report first-quarter earnings next week, have said they will also invest heavily in computing power and staff to improve their products....
...The earnings that will matter most in this second-quarter earnings season will be those of the magnificent seven — Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla....
...“Both iPhone and iPad numbers were weak,” said David Wagner, portfolio manager at Aptus Capital Advisors....
...Still, the question is interesting in as much as the two businesses are very different and are valued in very different ways, despite the fact that they are often lumped together in the “magnificent seven...
...Few have so far felt pity for the holders of Microsoft, Apple, Amazon, Google-parent Alphabet, Tesla, Facebook-parent Meta, and Nvidia, which have seen gains this year ranging from about 35 per cent (Apple...
...When the market capitalisation of the Magnificent Seven — Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla — is equal to the combined size of equity markets in Canada, Japan and the UK, one must...
...Tesla, Microsoft and Apple look overextended and I don’t really understand how Amazon and Nvidia are valued....
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