“Seven tech giants now earn one-fifth of all index profits and sit at 32x earnings, a setup where high multiples on high margins usually end in trouble as the law of large numbers bites.”
“What now? There is no way the five or seven stocks can be repeat performers, although Nvidia is doing its part so far. Much of their success came from expanding prices relative to fundamentals.”
Prices are point-in-time snapshots from the named provider. The verdict compares the return since entry against the band above.