Lots of talk about a bubble in AI/Mag 7...
At this point, valuations at the top are no where near as frothy as they were at the height of the Dot Com Bubble.
The 5 largest stocks traded at 43x Fwd PE in March ‘00, a 59% premium to the Mag 7’s current multiple of 27x.
$Microsoft(MSFT)$ $Apple(AAPL)$ $Alphabet(GOOG)$ $Alphabet(GOOGL)$ $Meta Platforms, Inc.(META)$ $Amazon.com(AMZN)$ $Tesla Motors(TSLA)$ $NVIDIA Corp(NVDA)$
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Traders are piling into Calls in Mega Cap Tech.
The level of Call buying across Mag 7 names just hit 1-year highs.
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https://twitter.com/Marlin_Capital/status/1756007095403446529
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