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Devere CEO Predicts More Selective Market for Tech Stocks
Devere Group CEO Nigel Green, commenting on the $1 trillion loss of the Magnificent 7 (Apple, Microsoft, Nvidia, Amazon, Google parent company Alphabet, Meta, and Tesla), predicts a more selective market as investors demand evidence of revenue from artificial intelligence spending. Green argues that the established businesses of the Magnificent 7 support continued growth, and suggests that investors will now judge each company on its own numbers, with some companies potentially seeing buying opportunities in the market downturn.