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This is Scott Becker with the Becker Business in the Becker Private Equity Podcast. Today's discussion is the Magnificent Seven. Four quick points. So so here's the discussion today. I go through the first point, which is market return so far for the Magnificent Seven. I won't go through them all, but here's the deal. You got four kind of leaders so far and three kind of laggards this year. Nvidia, Google, Apple, Meta platforms all performing pretty well even to a little underwater. But given that the NASDAQ's down about 3% year to date, all doing okay. The laggards, Amazon, Tesla and Microsoft all down 10% or worse. Microsoft 15 to 18% so far year to date. So that's sort of the first point on the magnificent seven. The second point is Nvidia kicks off its AI developers conference this week. They'll have 18,000 people in attendance. Nvidia remains really right at the epicenter at everything artificial intelligence. They're the biggest market cap company and they're the sort of best performing of the Magnificent Seven, even though they're just about even year to date so far. So that's our second point today. Third, Meta platforms going back to their core playbook again as at least one of their playbooks moving back towards that year of efficiency thing. Their stock jumped a little bit on Monday based on the news of layoffs and trying to become more efficient and getting their margins back where they want them to be. So that's meta platforms. Finally. Fourth, there remains a tremendous amount of a massive amount of artificial intelligence spending, data centers and infrastructures. Just between these four companies, they've announced almost 700 billion in commitments to spending. That's Amazon, Alphabet, Alphabet, Google, Microsoft and meta platforms. $700 billion in AI and data center and infrastructure spend. That's a massive, massive amount. Again, the Magnificent Seven remains a disproportionate part of the overall market. The S and P and so forth. The overall markets continue to drive the markets. We continue to watch the Magnificent Seven really closely. Whenever I think I know who's going to perform well out of those, my stocks go in the wrong direction. So we don't give investment advice at all. But we do watch the investment world in the market world. Thank you for listening to the Becker Business and the Becker Private Equity Podcast. Again, that's the Magnificent seven Four key points today. Thank you for listening.
