2024 was another great year for the so-called "Magnificent Seven", a group of mega-cap tech companies that dominate the headlines and play an outsized role in the performance of U.S. stock market indices. Nvidia, Meta, Tesla, Amazon, Alphabet and Apple all outperformed the S&P 500 by a significant margin, with Nvidia by far the biggest winner of them all. Once again, the chipmaker delivered on its promise of blockbuster growth, as other companies, first and foremost the remaining Mag Seven, spend tens of billions of dollars to build AI data centers to be ready for the AI-centric future.[...]
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50 sats \ 6 replies \ @BlokchainB 7 Jan
Soon these will be all bitcoin companies!
@remindme in 10 years
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93 sats \ 4 replies \ @Satosora 7 Jan
The bitcoin etfs must have dominated 2024.
It rose quite a bit this year.
I wonder what next year will bring.
You timeline is too long, I bet in 2 years we will see a huge move.
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20 sats \ 3 replies \ @BlokchainB 7 Jan
2 years and bitcoin companies have trillion dollar valuations?! That is crazy
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69 sats \ 2 replies \ @Satosora 7 Jan
How is that crazy, bitcoin is being adopted like hot cakes right now.
Its just a matter of time before everyone wisens up and buys some for themselves.
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20 sats \ 1 reply \ @BlokchainB 8 Jan
2 years?!? Hahah just seems unlikely.
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64 sats \ 0 replies \ @Satosora 8 Jan
The growth is becoming exponential.
We are just getting ready to go up.
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0 sats \ 0 replies \ @nym 7 Jan
I'll be here for it also!
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83 sats \ 1 reply \ @Satosora 7 Jan
They say you should invest in the sp500, though.
Seems like they are the ones not taking their own advice if they dont do that.
And doesnt mean that the risk is really high when you dont diversify?
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83 sats \ 0 replies \ @0xbitcoiner OP 7 Jan
Diversification is a double-edged sword, offering both potential benefits and drawbacks. My primary focus when diversifying is to avoid redundant assets. Sector ETFs, combined with a few promising individual stocks, provide a balanced approach.
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