c/wallstreetbets · by TendieMaster69@sh.itjust.works · 3y

Forget FAANG, Meet the 'Magnificent Seven' Stocks Surging in 2023

https://money.com/faang-magnificent-seven-tech-stocks/

We already are seeing the futuristic dystopia unfold before our eyes in 2023. In 2024 it will only become more and more exacerbated by AI integration.

This is known as a "Winner-Takes-All Market":

https://www.investopedia.com/terms/w/winner-takes-all-market.asp

5 points · 3 comments · view on lemmy.world

3 Comments

bernieecclestoned@sh.itjust.works · 4 pts · 3y (2 replies)

CNBC's Jim Cramer recently used the new tagline to describe Apple, Microsoft, Nvidia, Amazon, Meta, Tesla and Alphabet.

Oh dear

Oni_eyes@sh.itjust.works · 2 pts · 3y (1 reply)

Aren't those mostly the exact same companies as FAANG?

Methylman@sh.itjust.works · 2 pts · 3y

FAANG included Netflix; Nvidia and Tesla weren't part of FAANG