When CNBC starts giving names to a group of companies because their prices just keep going up is sometimes a great indicator of a top.
The new term is the "Magnificent 7". Microsoft, Alphabet, Meta, Amazon, Tesla, Nvidia and Apple.
I believe Tesla, Nvidia are completely overvalued. Microsoft, Alphabet, Meta and Apple towards expensive. Amazon might be fairly valued in my opinion.
Are they a leading indicator to the rest of the market? Or just some AI hype?
I open this thread, which I think might be interesting.
Lily