Engines of growth reshaping the world, but then increasingly becoming rent collectors. The fortunes of the "Magnificent Seven". What happens in the New Reality of Big Tech.
What happens in the New Reality of Big Tech. And what are the answers to the natural questions about competition, equity, and the future of innovation. ShareShare Brad DeLong's Grasping RealityWe have:Aiden Reiter & Hakyung Kim: The Magnificent 7 growth slowdown : 'he market's three-month recovery has been driven by Big Tech: From a market cap perspective, the Mag 7 is now 31 per cent of the S&P 500, also near an all-time high.
ShareShare Brad DeLong's Grasping RealityWe have:Aiden Reiter & Hakyung Kim: The Magnificent 7 growth slowdown : 'he market's three-month recovery has been driven by Big Tech: From a market cap perspective, the Mag 7 is now 31 per cent of the S&P 500, also near an all-time high. earnings growth in 2023 and early 2024 is too off the chart. earnings are all over the place and a clear outlier.