Magnificent 7 profits now exceed almost every country in the world
The so-called “Magnificent 7” now wields greater financial might than almost every other major country in the world, according to new Deutsche Bank research. The meteoric rise in the profits and market capitalizations of the Magnificent 7 U.S. tech behemoths - Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla — outstrip those of all listed companies in almost every G20 country, the bank said in a research note Tuesday. Of the non-U.S. G20 countries, only China and Japan (and the latter, only just) have greater profits when their listed companies are combined. source : cnbc
According to GS, Index margins excluding “Tech” will only expand modestly in 2024.
source : gs, tme
Tech Funds are on track to see inflows of $85 billion this year, an all-time high
source: BofA, barchart
Energy is the most de-correlated sector to Tech.
Source: BNP
BofA Hartnett: "top 5 stocks = 75% of S&P500 YTD gain
Top 3 tech stocks = 90% of tech sector YTD gain, US equity “breadth” currently worst since Mar’09". Source: BofA, TME
Inflows to Tech on course for ~85bn in 2024....
Source: TME, BofA
Terrific threes
Just 3 stocks together are now bigger than the whole of EuroStoxx50, FTSE 100 and the SMI20. source : tme
In Case You Missed It: On February 8th the Wall Street Journal reported that OpenAI CEO Sam Altman wants to raise up to $7 trillion
For a “wildly-ambitious” tech project to boost the world’s chip capacity, funded by investors including the U.A.E. — which in turn will vastly expand its ability to power AI models. To put numbers in perspective: $7 TRILLION is around ~10% of global GDP…Or the combined market cap or BOTH Microsoft & Apple. That means he wants to totally reshape the global semiconductor industry. By the way, where will all the energy needed come from? Source: VB, Creative Capital, WSJ
