The recent slump in Tesla stock has raised concerns about its position in the 'Magnificent Seven' group of U.S. tech and growth stocks. The group's market dominance is said to hinge on strong sales growth. Tesla's 24.6% downturn in January has sparked discussions about its future in the elite grouping.
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
⚠️ '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
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
⚠️ 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