Seven tech giants control Wall Street: Is this making market unstable?

Seven major tech companies now make up almost third of S&P 500 value. Named after classic Western movie these tech-sector leaders show remarkable growth but raise questions about market stability

October 30 2024 , 07:48 PM  •  6907 views

Seven tech giants control Wall Street: Is this making market unstable?

A group of tech-sector powerhouses (nicknamed after a classic 60s Western) have taken over Wall-Street. AlphabetAmazonAppleMetaMicrosoftNvidia‚ and Tesla now control nearly 33% of S&P 500s total worth

These mega-companies show different results in todays market: Nvidia gets big profits from AI-chip sales while Tesla goes up-and-down based on car sales predictions. The stock prices move in ways that make regular investors confused: some stocks are hot some are not

Trading experts use special math to check if stocks will keep going up. They look at current prices vs last-3-month numbers to figure this out. The system gives scores from 0 to 100; anything above 80 might drop‚ below 20 could rise up. Each of magnificent seven has its own score that changes day-by-day

Market pros worry about too much money in few stocks. When big companies control alot of market value‚ small changes can make whole index shake. These seven firms quarterly numbers show if AI-powered growth keeps working or not; investors watch revenue stats real close

  • Alphabet leads in search and cloud tech
  • Amazon rules online shopping‚ cloud services
  • Apple makes most-wanted gadgets
  • Meta owns social-media world
  • Microsoft sells software everywhere
  • Nvidia supplies AI-chips globally
  • Tesla makes electric cars people want

The group shows how tech shapes modern markets - but some think its just like past bubbles that went pop. With AI pushing growth higher these seven keep getting bigger; question is: can they keep doing it without breaking things