Exposure to the so-called Magnificent Seven US technology companies is increasingly seen as a non-negotiable for institutional investors, and was cited as a major factor separating the performance of super fund peers in the past financial year. But this contrarian presentation will go beyond the hype, arguing just two of these stocks truly deserve the moniker ‘magnificent’. In so doing, it will give a broader outlook on key trends, including artificial intelligence and electric vehicles, while also addressing the challenges posed by market concentration from the Magnificent Seven to portfolio managers and asset allocators.
