From Nvidia To Microsoft, Magnificent Seven Stocks Are In Ruins Except For One — Time To Buy The Dip?

Something shocking is happening to the world’s most powerful stocks. One month into the Iran war, six of the Magnificent Seven have entered bear market territory. Amazon.com Inc. is trading at its lowest forward price-to-earnings multiple since November 2008 — a key metric that measures the stock against expected earnings over the next 12 months. Meanwhile, Microsoft Corp. has slipped to valuation levels last seen in December 2016 — before the cloud era fully took hold and before Azure emerged as a domin ...