"Managing Big Tech Exposure: The Magnificent 7 ETF Strategy"

Goldman Sachs discusses the sustainability of the Magnificent 7's outperformance in the stock market, comparing them to the Tech Bubble 5 of 2000. The group, including Apple, Amazon, and Microsoft, has shown strong performance driven by improving fundamentals rather than valuation expansion. However, there are varying growth estimates within the group, with Nvidia expected to grow sales at a rapid pace. The comparison to the Tech Bubble 5 highlights the importance of re-investment for growth, with the current stocks appearing considerably cheaper on an earnings yield gap basis.