Bloomberg’s gauge of Magnificent Seven companies — which includes titans like Nvidia Corp., Apple Inc. and Tesla Inc. — dropped at in New York, and is down nearly 10% from its October peak. “The Magnificent Seven have had multiple episodes over the past few years where their valuations/price levels get ahead of fundamentals and then they spend months working off the exuberance,” said Sameer Samana, head of global equities and real assets at Wells Fargo Investment Institute.Read More
