Top Hedge Fund Bridgewater Associates has questioned the widespread notion that the ‘Magnificent Seven’ stocks are overvalued, while the rest of the S&P 500 stocks are comparatively undervalued.
Apple, Tesla And Other MAG 7 Peers Too Expensive? Top Hedge Fund Challenges ‘Overvaluation’ Concerns, Says They Are Fairly Priced If They Sustain 20% Earnings Growth Rate