Fab Five Outpace Market as AI and Cloud Drive Meta, Nvidia Surge
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The "Fab Five" mega-cap stocks (Nvidia, Meta, Google, Microsoft, Amazon) are outpacing the market and the "Magnificent Seven" since mid-2023.
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Nvidia, Meta are seeing huge earnings/growth; Google, Microsoft, Amazon delivering solid growth. Apple and Tesla lagging.
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Nvidia, Microsoft lead in artificial intelligence, a major market theme. Meta, Google, Amazon big in AI and cloud computing.
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Tesla plunging with earnings diving, flat delivery growth forecast. Other mega-caps sport high valuations but strong growth.
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Alternate "Magnificent Seven" could be Fab Five plus Taiwan Semiconductor and Eli Lilly, both outperforming and tied to key tech trends.