Will the share prices of the "Magnificent Seven" evolve as they did after the creation of the internet?
In the late 1990s, following the creation of the internet , the share prices of US internet-related companies plummeted in response to a sharp downward revision in their expected future earnings. Today, we see a very sharp rise in the share prices of the “Magnificent Seven”, US companies that benefit greatly from the development of artificial intelligence. We have to wonder whether expectations of earnings linked to artificial intelligence will be revised downwards in the same way as expectations of earnings linked to the development of the internet. If the share prices of the 'Magnificent Seven' fall in the future, there is every reason to fear a recession in the United States as consumers and companies react to the decline in their wealth.