Reported about 19 hours ago
The 'Magnificent Seven' tech companies, including Nvidia, Alphabet, and Apple, are under scrutiny as they dominate market capitalization amidst recent sell-offs linked to AI news. Harvard Law professor Mihir Desai likens this dominance to a 'snake eating its own tail,' noting that while they are perceived as safe assets in uncertain times, this perspective could lead to lower returns as companies expend resources on one another.
Source: YAHOO