The 'Magnificent Seven' tech stocks, including Tesla, have collectively grown 75% in 2023, adding $3 trillion in market cap in 2024. However, Tesla's stock slump has triggered concerns about its place in this elite group. The group's combined market cap is now $12.93 trillion, with Tesla experiencing a $200 billion loss in 2024. There are discussions about whether the 'Magnificent Seven' could become the 'Magnificent Six' due to Tesla's struggles. Goldman emphasizes that strong sales growth will be crucial for the group's continued outperformance. While five of the companies in the group have reported strong quarterly results, there are indications that they are taking separate paths, with concerns about the group becoming the 'Magnificent Four.'
The Magnificent 7 combined are worth a total of $12.93T, adding nearly $1T in value so far in 2024. This is larger than the GDPs of Germany, Japan, and the UK combined. $AAPL $AMZN $GOOG $META $MSFT $NVDA $TSLA https://t.co/8RrUeR5eNV
Magnificent 7 Eye $13-Trillion Market Cap: 'They Are Sucking All The Air Out Of The Universe,' Wall Street Veteran Says The collective market capitalization of the seven leading U.S. technology companies, often referred to as the Magnificent Seven, has edged closer Monday to the… https://t.co/pttep9CJpY
The Magnificent 7 is becoming the Magnificent 4. Like dominos, it appears that key market generals are starting to roll over. $AAPL $AMZN $GOOG $META $MSFT $NVDA $TSLA https://t.co/pyOcPPoS23
Just a handful of stocks are driving the market this year, but the so-called "Magnificent Seven" have begun to take separate paths. https://t.co/hYTZTWeR2c
Five of the ‘Magnificent Seven’ companies turned in strong quarterly results—but investors are being picky about which ones they reward https://t.co/zxnAlDfd55 via @WSJ
⚠️ 'MAGNIFICENT SEVEN' CONTINUED MARKET DOMINANCE RESTS ON SALES GROWTH, GOLDMAN SAYS (Reuters) Strong sales growth will be the key to whether the "Magnificent Seven" group of U.S. tech and growth stocks can continue outperforming following their explosive gains in 2023,… https://t.co/hO33TJlfvU
Valuations for the Magnificent Seven vs. the rest of the market --Goldman https://t.co/y34MgvTVyN
Tesla making the Magnificent 7 Stocks into... Magnificent 6? 😄😄 Image/idea credit - @Barchart https://t.co/EN9g5l3SQy
Could the "Magnificent Seven" be on the verge of becoming the "Magnificent Six"?🤔 EV giant #Tesla is navigating a bumpy road, experiencing a staggering 24.6% downturn during last month alone🚗📉 Learn more in our January Market Wrap + Slide Deck ➡️ https://t.co/erTR2q94n1 https://t.co/q7QTJOKgrg
BREAKING: The Magnificent 7 have now added a combined $3 TRILLION in market cap in 2024. Since the October 2023 low, total gains for the Magnificent 7 are approaching $5 trillion. This includes the $200 billion in lost market cap for Tesla, $TSLA, in 2024 so far. To put this… https://t.co/bOSmZlj6tj
Tesla woes get investors talking about its successor in 'Magnificent Seven' https://t.co/6fVpQVlhrw https://t.co/1WTnEK67Q0
⚠️ TESLA WOES GET INVESTORS TALKING ABOUT ITS SUCCESSOR IN 'MAGNIFICENT SEVEN' (Reuters) The recent slump in Tesla stock threatens its place in an elite grouping of companies that powered a surge in U.S. markets in recent years, experts said, while triggering chatter of an… https://t.co/oDvRMNd50t
Watch: A group of seven big tech stocks—known as the “Magnificent Seven”—grew 75% in 2023, leaving the rest of the S&P 500 in the dust. But one stock, Tesla, isn’t keeping up. Here’s why. https://t.co/8dtrOXm4t1 https://t.co/8dtrOXm4t1