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FANG+ Constituents: $AAPL 169.11 -0.02% $AMZN 176.43 +1.68% $AMD 211.83 +0.56% $GOOG 135.23 +2.01% $META 514.13 +3.63% $MSFT 408.05 +1.48% $NFLX 604.55 +1.17% $NVDA 917.4 +3.41% $SNOW 166.53 -0.27% $TSLA 176.86 +0.18%
Excluding $NVDA the Magnificent Seven would be +3% YTD; trailing the $SPY and $QQQ Excluding $TSLA it would be +20% in 2024. https://t.co/ah2K8rp058
The end of #Mag7? Last year the Mag7 essentially moved in unison and was the make-or-break trade. 2 months into 2024 there is a HUGE dispersion in the group. https://t.co/ymDWQ5gHy5
The 'Magnificent Seven' tech stocks experienced losses, with $TSLA dropping over 4% and $AAPL losing 2.7% for the 5th consecutive session. The group collectively shed $233 billion in market cap, led by $NVDA's +74% YTD return. $AAPL and $TSLA posted -12% and -27% total returns for 2024, respectively. Despite this, $MSFT remains the largest US stock by market cap at $2.98 trillion.