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In the Money
Magnificent Seven of tech stocks: Will they still continue to do well?
This regular column addresses readers’ investing issues.
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The valuations of tech big guns have jumped by anything from 40 per cent to 200 per cent this year.
PHOTO: AFP
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Q: The Magnificent Seven tech stocks have been responsible for much of the Nasdaq’s rally this year. What’s the outlook for the rest of the year and 2024?
A: The Magnificent Seven here refers not to the gunfighters of the 1960 American western film, but the tech big guns: Google parent Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla.
