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You are at:Home » US stock market: Is AI losing its momentum and waiting for the bubble to burst? This British billionaire’s investment fund is selling more Magnificent 7 shares than ever before Investors are paying attention to
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US stock market: Is AI losing its momentum and waiting for the bubble to burst? This British billionaire’s investment fund is selling more Magnificent 7 shares than ever before Investors are paying attention to

Adnan MaharBy Adnan MaharDecember 17, 2024No Comments2 Mins Read1 Views
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The US stock market is currently in the midst of a massive bull market over the past two years. Many market experts believe that the stock market is currently in a bubble, just waiting for the right opportunity to burst. Adding even more fear to this scenario, Hargreaves Lansdown and its co-founder Peter Hargreaves have begun a major sale of Magnificent 7 shares in recent days.

This is an important development for the US stock market, and things may not be looking good for Wall Street at the moment.

Are Peter Hargreaves’ recent activities warning of a possible US stock market crash?

Peter Hargreaves, who is also worth billions of dollars, has seen the returns of his Blue Whale Growth Fund double since it was set up in 2017, according to the report. However, this is the same person who is currently taking cautious steps due to the overhype of AI and could cause a massive crash in the US stock market in the coming days.

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What’s more, the U.S. stock market continues to be in a bull market, fueled primarily by technology stocks, whose market capitalization has been on the rise and has no prospects of falling in recent months. But if things get too exaggerated, there is a strong possibility that the U.S. stock market will collapse, and with it, stock indexes such as the S&P 500, which is backed by some of the Magnificent Seven stocks.

FAQ:

What are the Magnificent 7 stocks?
The Magnificent Seven stocks are a group of seven high-performing assets that include Alphabet, Amazon, Meta Platforms, and more. Has the US stock market crashed?
No, the U.S. stock market hasn’t crashed in a while; in fact, it’s been in a huge bull market for the better part of the last two years.

Disclaimer: This content is created by a third party. The views expressed here are those of the respective authors/organizations and do not represent the views of Economic Times (ET). ET does not guarantee, endorse, endorse, or in any way be liable for its content. Please take all necessary steps to ensure that the information and content provided is correct, updated, and verified. ET disclaims all warranties, express or implied, with respect to the report and its contents.



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Adnan Mahar
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Adnan is a passionate doctor from Pakistan with a keen interest in exploring the world of politics, sports, and international affairs. As an avid reader and lifelong learner, he is deeply committed to sharing insights, perspectives, and thought-provoking ideas. His journey combines a love for knowledge with an analytical approach to current events, aiming to inspire meaningful conversations and broaden understanding across a wide range of topics.

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