Are the “Magnificent 7” Stocks Today’s Version of the “Nifty Fifty”?

Category: Finance

The article analyzes the performance and valuation of the 'Magnificent 7' stocks (TSLA, AAPL, META, GOOG, MSFT, AMZN, NVDA) in comparison to the historical Nifty Fifty stocks, highlighting the risks of investing based on popularity rather than fundamentals. It emphasizes the significant price declines of companies like Amazon and Tesla and warns of potential steep corrections in the market.

Keywords: Magnificent 7, Nifty Fifty, stock market

Source: MishTalk

Update At: 8/6/2024

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