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$AVGO $TSLA Broadcom should replace Tesla in the ‘Magnificent 7,’ says Interactive Brokers’ Sosnick
Broadcom $AVGO should replace Tesla $TSLA in the Magnificent 7 says Interactive Brokers https://t.co/1PX0XY9Oup
Interactive Brokers chief strategist says Broadcom should replace Tesla in Magnificent 7 - CNBC https://t.co/Gy0Qwi5NwN https://t.co/0daL2v8ZqB
Steve Sosnick, Chief Strategist at Interactive Brokers, has suggested that Broadcom ($AVGO) should replace Tesla ($TSLA) in the 'Magnificent 7.' According to Sosnick, Broadcom captures the current market zeitgeist, having surged nearly 62% in 2024, while Tesla has declined by nearly 27%. This recommendation was reported by CNBC and echoed by various financial news outlets.