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Many Happy Returns
The Magnificent Seven: What if Big Tech Starts to Shrink?
Nov 8, 2023
The podcast explores the dominance of the Magnificent Seven Stocks in the tech industry and their impact on the S&P 500's returns. It discusses the financial aspects of big tech companies, their investment in AI development, potential competition, challenges they face, and the lifespan of companies in different stock indexes. Cultural differences in Japan, where companies have a longer lifespan, are also explored.
45:29
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Quick takeaways
- The dominance of the Magnificent Seven stocks in the S&P 500 index is attributed to the US's ability to grow and scale tech companies, supported by a strong VC ecosystem.
- The future dominance and sustainability of the Magnificent Seven stocks face challenges from potential commoditization, decreasing profit margins, competition from international players, and regulatory impact.
Deep dives
The Dominance of the Magnificent Seven Stocks
The podcast episode discusses the dominance of the so-called Magnificent Seven Stocks in the S&P 500 index. These stocks, including Alphabet, Amazon, Apple, and Microsoft, have been incredibly successful and have accounted for almost all of the S&P 500's returns this year. The speaker highlights that the US's ability to grow and scale tech companies, along with a supportive VC ecosystem, has contributed to the success of these companies. The episode also touches upon the importance of these companies in daily life, as their products and services are widely used and have created a global business ecosystem.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode