Seven major tech stocks now make up over 32% of the S&P 500, raising market risk concerns.

The "Magnificent Seven" tech stocks—Apple, Amazon, Alphabet, Meta Platforms, Microsoft, Nvidia, and Tesla—dominate the S&P 500, accounting for 32.2% of its value. Despite their impressive performance and investments in AI, their high market influence raises risks for the broader market. Experts advise caution and diversification, noting that while these stocks may not deliver explosive gains, their steady growth and technological innovations could still offer good returns.

November 10, 2024
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