TSLA - Magnificent 7 Or Bust? Chamath Palihapitiya Says Mega-Cap Stocks Approach 'Heady' Valuation — Explains Why So Much Money Sits On Sidelines | Benzinga
Much of the year’s rally is due to the buoyancy seen among some of the biggest of the mega-cap stocks that are collectively called the “Magnificent seven.” SPAC King Chamath Palihapitiya weighed in on the trend and its associated risks.
What Happened: Captioning his post as “Magnificent Seven (M7) or Bust,” Palihapitiya noted that these seven stocks have been trouncing all the other stocks this year. Magnificent Seven is the collective name given to mega-cap tech names, namely Nvidia Corp. (NASDAQ:NVDA), Microsoft Corp. (NASDAQ:MSFT), Meta Platforms, Inc. (NASDAQ:META), Tesla, Inc. (NASDAQ:TSLA), Amazon, Inc. (NASDAQ:AMZN), Apple, Inc. (NASDAQ:AAPL), and Alphabet, Inc. ...