this post was submitted on 27 Jun 2023
3 points (71.4% liked)

Wall Street Bets

317 readers
1 users here now

Not actually retarded

founded 1 year ago
MODERATORS
[email protected]
3
Forget FAANG, Meet the 'Magnificent Seven' Stocks Surging in 2023 (money.com)
submitted 1 year ago by [email protected] to c/[email protected]
3 comments fedilink hide all child comments
 

We already are seeing the futuristic dystopia unfold before our eyes in 2023. In 2024 it will only become more and more exacerbated by AI integration.

This is known as a "Winner-Takes-All Market":

https://www.investopedia.com/terms/w/winner-takes-all-market.asp

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 4 points 1 year ago (1 children)

CNBC's Jim Cramer recently used the new tagline to describe Apple, Microsoft, Nvidia, Amazon, Meta, Tesla and Alphabet.

Oh dear

[–] [email protected] 2 points 1 year ago (1 children)

Aren't those mostly the exact same companies as FAANG?

[–] [email protected] 2 points 1 year ago

FAANG included Netflix; Nvidia and Tesla weren't part of FAANG