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Longtime Investor Has Been “Selectively Adding” to His Mag 7 Holdings [Yahoo! Finance]
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Wang stated that he had been buying the stocks on weakness because he "really believes in the AI Revolution." The Mag 7 consists of Nvidia (NVDA), Amazon (AMZN), Microsoft (MSFT), Apple (AAPL), Meta (META), Tesla (TSLA), and Alphabet (GOOG). Why Wang Is Bullish on the Mag 7 The power of AI's intelligence is doubling every seven months, Wong said. At that pace, AI's intellectual capacity will soar 1,000 times in six years, he reported. Buying AI stocks now is "like betting (on internet stocks) early in the Internet Age. Most of the winners (among those names) outdid the losers," the veteran investor said. Additionally, the Mag 7 have "strong business models," according to Wang. Reasons To Be Worried in the Shorter Term Although Wang is bullish on the Mag 7 in the long term, he noted that the names "are priced to perfection" at this point. He added that worries about tariffs have been hindering the names' performance recently. While we acknowledge the potential of AMZ
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