META - China-Taiwan Conflict Poses 'Common Risk' For Apple Amazon Tesla And Other Magnificent 7 Giants: Jeremy Grantham's GMO | Benzinga
The escalating geopolitical tensions between Xi Jinping’s China and Taiwan pose a "common risk" to the Magnificent Seven tech giants, according to Jeremy Grantham’s GMO.
What Happened: The Magnificent Seven, comprising Apple Inc. (NASDAQ:AAPL), Amazon.com Inc. (NASDAQ:AMZN), NVIDIA Corporation (NASDAQ:NVDA), Tesla Inc. (NASDAQ:TSLA), Meta Platforms Inc. (NASDAQ:META), Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), and Microsoft Corporation (NASDAQ:MSFT), could face a significant threat due to a potential geopolitical event in China.
In a letter to investors, GMO, co-founded by market veteran Grantham, highlighted the risk of a disruptive geopolitical event in China, which could lead to a reduction in access to China and Taiwan’s chip industries ...