In 2024, the Magnificent Seven stocks dominated the market, now comprising a third of the S&P 500's overall value, fueling the ongoing bull market.
The underperformance of Alphabet in 2024 stemmed from a DOJ antitrust lawsuit, raising concerns regarding its dominance and potential forced divestitures that could impact the industry.
Despite some uncertainty due to rising Treasury yields, analysts remain optimistic about the Magnificent Seven, particularly Alphabet, which is seen as undervalued.
The ruling in favor of the DOJ asserted that Google operates as a monopoly, contributing to escalating ad prices and raising fears about its market influence.
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