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Citi Declares 'Magnificent Seven' Obsolete for AI Stock Winners
Citigroup has declared the 'Magnificent Seven' tag for leading tech stocks obsolete in the context of AI stock winners. The bank argues that it's time to retire the term, just as 'FAANG' became outdated.
20 Jul, 09:18 — 20 Jul, 09:40
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bloombergHigh22d ago
Citi Says Magnificent Seven Tag Is Obsolete in AI Stock Winners - Bloomberg.com
Citi Says Magnificent Seven Tag Is Obsolete in AI Stock Winners Bloomberg.com
Read full article →marketwatchMostly Factual22d ago
No one talks about FAANG anymore. Now, it’s time to retire Magnificent Seven as well, Citigroup argues
Magnificent Seven as a group is underperforming the broader market this year, but strategists at Citi argue it’s no longer a grouping that even makes sense to think about it.
By Steve Goldstein
Read full article →Coverage Timeline
First report: marketwatch · 20 Jul, 09:18|Full coverage: 2 · 22m|Window: 22m
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