Investing in the "Magnificent Seven?" Pick Your Poison: Negative Free Cash Flow or an Unjustifiable Valuation.
Wall Street's Magnificent Seven -- Apple, Nvidia, Alphabet, Microsoft, Amazon, Meta Platforms, and Tesla -- are quickly losing their luster.
Overview
In early June, the benchmark S&P 500 (SNPINDEX: ^GSPC) catapulted to an all-time high. While the evolution of artificial intelligence (AI) is the primary trend fueling investors' enthusiasm, it's the "Magnificent Seven" that have done most of the heavy lifting.
The Magnificent Seven represent seven of Wall Street's largest and most influential businesses, all of which are at the forefront of the AI revolution. In descending order of market cap, these seven companies are:
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Originally published at www.fool.com.
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