Reported 12 days ago
Despite worries surrounding the concentration of power among top tech companies, known as the 'Magnificent Seven' (Nvidia, Alphabet, Tesla, Microsoft, Amazon, Meta, and Apple), investment strategist Ross Mayfield argues that these concerns are exaggerated. He emphasizes that the success and innovation of these companies should be celebrated rather than feared, stating that history shows concentration risk has not been a reliable indicator of market performance.
Source: YAHOO