BREAKINGVIEWS-Humble 493 hang tough with the Magnificent 7
Sebastian Pellejero discusses the performance of Nvidia and other Big Tech companies, which grew their bottom lines by 18% last quarter. Meanwhile, other S&P 500 members like Delta and Corning achieved a 12% increase despite economic challenges. The sustainability of these valuations depends on continued efficiency. The S&P 500 Index is down 3% in November but up 11% since the start of 2025.
(The author is a Reuters Breakingviews columnist. The opinions expressed are his own.)
By Sebastian Pellejero
NEW YORK, Nov 21 (Reuters Breakingviews) - Nvidia and its Big Tech brethren grew their bottom lines a collective 18% last quarter, but other S&P 500 members like Delta and Corning also overcame economic challenges for an impressive 12% bump. Such rich valuations, however, will depend heavily on sustained efficiency.
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CONTEXT NEWS
The S&P 500 Index is down about 3% in the month through November 20 and up 11% since the start of 2025. (Editing by Jeffrey Goldfarb; Production by Pranav Kiran)
