US Magnificent Seven rival Europe’s top four economies: A sign of overvaluation?

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Euronews (English)

The formidable league of the United States’ most colossal technology entities, known as The Magnificent Seven, has reached a market capitalisation of $13 trillion (€12.04 trillion), a figure that strikingly matches the aggregate gross domestic products (GDPs) of Europe’s four largest economies: Germany, the United Kingdom, France, and Italy. Such a comparison not only highlights their financial clout but also raises the question of whether this valuation is rational – or if we are witnessing a new economic reality. Bitcoin price predictions: How much more could the cryptocurrency rise in 2024?…

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