Apple and Amazon Have More Financial Power than Any Country
Dubbed the Magnificent 7 by a recent Deutsche report, Apple, Amazon , and Meta, along with Tesla, Alphabet, Microsoft, and Nvidia, have been referred to as forces to be reckoned with. The report outlines how the collective market capital of these seven companies has surpassed the financial power of every G20-listed country. Also Read: U.S. Economy on Steroids, Unsustainable Future: Billionaire Investor The Mag 7 Stocks Continue to Be the Top Choice for Investors Source: Mint The recent Deutsche Bank report outlines how these seven tech behemoths have been dominating the corporate sphere. The report later shared that the combined market cap of these 7 companies would ultimately make it the second-largest stock exchange in the world. Also Read: China’s Stock Market Faces $1 Trillion Losses in 2 Weeks Apart from that, Microsoft and Apple alone share similar market caps with countries such as France, Saudi Arabia, and the UK. Moreover, the concentra...