Bubble or Boom? Magnificent Seven Stocks Face Critical Earnings Showdown
The “Magnificent Seven” tech stocks now make up over one-third of the S&P 500’s market value after jumping about 35% in the past year, outpacing the index’s 15% gain. Apple hit a record high near $3.9 trillion, while Nvidia became the world’s most valuable company. The group’s Q3 earnings are expected to rise 15%. Tesla shares fell 2% after a mixed earnings report.