Magnificent 7 Stocks Discussion With Gabe (AAPL, MSFT, GOOG, AMZN, NVDA, META, TSLA)

Magnificent 7 Stocks Discussion With Gabe (AAPL, MSFT, GOOG, AMZN, NVDA, META, TSLA)

My friend Gabe and I discussed how the Magnificent 7 stocks are skyrocketing in the stock market as of early 2024.

Gabe and I cover the latest happenings with Microsoft, Apple, Alphabet (Google), Amazon, Nvidia, Meta, and Tesla as many of them had earnings and financial performances that catapulted most of their stock prices up (but not Tesla).

I ask Gabe whether he thinks it’s hype or the market fairly valuing these big tech stocks, many of which continue to put up strong growth figures. With some of these companies delivering impressive results in cloud, AI, and chips, some of the prices could be justified.

It’s amazing how Microsoft has overtaken Apple for the number one market cap stock at over $3 trillion.

It’s surprising how Tesla has shed $400B in market cap from $1 trillion to around $600B, and Gabe explains why. Consumers are curbing their enthusiasm for electric vehicles at the moment.

Interesting how Google and Meta have recovered in the ads market. Meanwhile, Apple is taking on Meta in the VR/AR space.

Amazon Prime membership is now $139 per year, and they even sneak in ads between show episodes these days. Apparently Prime used to be $79 per year a decade ago, as a Wall Street Journal article calls out “Is the $139 Amazon Prime Subscription Still Worth It?”

I would argue for Berkshire Hathaway to be part of the Magnificent 7, though the term refers to the popular big tech mega cap stocks currently.

From what used to be called FAANG or FAANMG, it seems Netflix got swapped out for Nvidia (or was it always that way?). Now we maybe have MAGANMT based on market cap order. Maybe I’ll call these popular tech stocks “Megan Mountain” for short!

It was really kind of Gabe to share his insights with me, so thank you my friend!

If you’d like to reach out to Gabe, feel free to find him at the following handles because he really enjoys learning and talking about investing with people:
fuhat0750 on Twitter/X
Gabe on Instagram
Find Fuhat on the Capital Mindset Discord with this invitation link

If you’re interested in learning how to take control of your finances and start becoming an investor like Warren Buffett, check out my free PDF guide.

I look forward to making more investor friends!

Add me on Instagram: michellemarki