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The biggest risk to investing in Mag 7 stocks like Nvidia and Amazon, according to top CEOs [Yahoo! Finance Canada]
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"The risk is simple — those stocks don't do well," Avenue Capital Group founder and CEO Marc Lasry told Yahoo Finance at the Milken Institute Global Conference on Monday. Lasry was answering a question about the risk of overcrowding into tech names such as Nvidia ( NVDA ), Microsoft ( MSFT ), Apple ( AAPL ), Amazon ( AMZN ), Google ( GOOG GOOGL ), Meta ( META ), and Tesla ( TSLA ) — aka the Magnificent Seven. "What has happened is when people are nervous, they invest in things that they know really well and they believe are going to be around," Lasry added. "But I don't know what happens in the next year. I do know on the credit side, you've got all these opportunities." ADVERTISEMENT The former co-owner of the Milwaukee Bucks, Lasry has been investing in credit markets for more than four decades, giving him a reported net worth of $1.9 billion. So suffice it to say, Lasry has seen a few investing cycles and market crazes. And the Mag Seven could be viewed as a craze. A
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