Around $2.3 trillion has been wiped off the value of the Magnificent 7 this month, but investors should prepare for an even more profound shift: within five years, today’s Magnificent Seven could become the ‘Magnificent Three’, warns the CEO of deVere Group.
The era of the ‘Magnificent Seven’ as a unified market trade is coming to an end, predicts Nigel Green, CEO and founder of financial advisory giant deVere Group, who predicts that within five years only three of today’s mega-cap tech giants will still command the premium valuations associated with being viewed as the dominant winners of the AI revolution.
