Reported about 9 hours ago
Bank of America strategist Michael Hartnett has indicated that the bubble forming around major US tech stocks, notably the 'Magnificent Seven' (including Tesla, Alphabet, Apple, Meta, Amazon, Microsoft, and Nvidia), has more potential for growth. His analysis reveals that this group has risen 223% since March 2023 and can still achieve further gains, supported by historical trends in similar equity bubbles and favorable macroeconomic conditions, including strong interest in AI and expected interest rate cuts by the Federal Reserve.
Source: YAHOO