Move Over Mag 7: Ed Yardeni Says AI Will Now Benefit The 'Impressive 493' Among S&P 500
Strong Bullish
100.0
Ed Yardeni, president of Yardeni Research, believes the era of unchecked dominance for the ‘Magnificent 7’ tech stocks is waning, arguing that the artificial intelligence (AI) boom is poised to benefit the broader range of companies he calls the “Impressive 493.”
The End Of Tech Kingdoms
Speaking to CNBC, Yardeni compared the previous tech landscape to a “Game of Thrones” scenario, describing the tech giants as “seven independent kingdoms” that prospered behind unique business moats.
However, the rapid rise of generative AI has broken down those barriers, forcing these deeply entrenched companies into direct competition with one another. This intensified rivalry, Yardeni argues, “is going to start to narrow some of their profit margins.”
Here’s how Magnificent 7 stocks have performed in 20
The End Of Tech Kingdoms
Speaking to CNBC, Yardeni compared the previous tech landscape to a “Game of Thrones” scenario, describing the tech giants as “seven independent kingdoms” that prospered behind unique business moats.
However, the rapid rise of generative AI has broken down those barriers, forcing these deeply entrenched companies into direct competition with one another. This intensified rivalry, Yardeni argues, “is going to start to narrow some of their profit margins.”
Here’s how Magnificent 7 stocks have performed in 20
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This analysis was generated using Pulse AI, Glideslope's proprietary AI engine designed to interpret market sentiment and economic signals. Results are for informational purposes only and do not constitute financial advice.
