ARM's importance in the chip stack has risen, contributing to its relevance.
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The Mag 7 Are Carrying the Stock Market… But Should You Still Buy Them?
Jun 30, 2026
The creator discusses the "Magnificent 7" companies (Nvidia, Apple, Google, Microsoft, Amazon, Tesla, and Meta), highlighting their significant market capitalization and influence on the S&P 500. While acknowledging their past performance, the creator expresses some reservations about their current growth and size, particularly with Apple, and suggests equal-weight index funds as an alternative to traditional S&P 500 funds due to the concentration of influence from these top companies.
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AMD has had a great year so far, likely due to companies seeking multiple suppliers for chips.
Tesla is considered the 'wild child' of the Mag 7, with a very high valuation that is difficult to justify purely on data, relying heavily on Elon Musk's influence.
Microsoft, despite a tough year and 23% stock drop, is a 'hold' due to its strong cloud and office suite dominance, though AI integration remains a question.
Meta is considered interesting but nerve-wracking due to its cheap valuation and potential, contrasted with concerns over high spending, employee tracking, and low morale.
Amazon is an interesting company with strong AWS and AI chip prospects, but its year-to-date performance is flat, leading to a hold recommendation.
Alphabet (Google) is performing best among the discussed companies, with a reasonable valuation and strong positions in search, YouTube, ads, and AI.
Nvidia is identified as the cleanest AI play among the discussed companies.
Micron is mentioned as a specifically supported AI company that has seen growth and has been undervalued.
The creator expresses reservations about Apple due to its large size and perceived slow reaction time, which is turning them off a little bit.
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