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The magnificent one

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In 2023, the S&P 500 was led by the “Magnificent Seven,” a group of tech behemoths which includes Microsoft, Apple, Nvidia, Amazon, Alphabet, Meta and Tesla. Collectively, they accounted for 63 percent of the S&P 500’s return that year. Now, nearly halfway into 2024, one company has risen above the rest earning the title, “The Magnificent One.

In 2023, the S&P 500 was led by the “Magnificent Seven,” a group of tech behemoths which includes Microsoft, Apple, Nvidia, Amazon, Alphabet, Meta and Tesla. Collectively, they accounted for 63 percent of the S&P 500’s return that year. Now, nearly halfway into 2024, one company has risen above the rest earning the title, “The Magnificent One.” This amazing company is Nvidia.Nvidia’s stock has been experiencing a meteoric rise. It added an unprecedented $1.

Driven by more expensive power rates and a weaker peso, inflation may have accelerated within the 3.7 to 4.5 percent range... The government has added 13 projects in its public-private partnership pipeline, bringing the total project count to 134, valued at about P3.03 trillion.

 

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