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Are America’s Magnificent Mega-Caps Losing Their Luster?
Are they tired of tech?
I suppose it depends on who "they" are and also what you mean by "tech."
R
YTD scorecard for the seven: NVDA META have outperformed S&P500 by a lot, AMZN has outperformed a little, GOOG AAPL have underperformed a little, MSFT TSLA have underperformed a lot. As they represent 30-ish pct of the index, extrapolate to their perf vs S&P493.
Speaking of losing luster, reports that TSLA’s “Optimus” robots were being remotely controlled by Tesla employees. On top of a nothing-burger “Robo-Taxi” presentation.