Australian with retirement savings? You probably own SpaceX
Tech and AI stocks now make up as much as 12% of most balanced superannuation funds, experts say. The 'magnificent seven' – Nvidia, Alphabet, Apple, Microsoft, Amazon, Meta, and Tesla – are increasingly part of super portfolios, unbeknownst to most Australians.
Tech and AI stocks now make up as much as 12% of most balanced superannuation funds, experts say
Get our breaking news email, free app or daily news podcast
Artificial intelligence and technology stocks have become a driving force on Wall Street and, unbeknownst to most Australians, a growing part of their retirement savings.
The so-called “magnificent seven” – chip maker Nvidia, Google owner Alphabet, Apple, Microsoft, Amazon, Facebook owner Meta and Tesla – are, for better or worse, increasingly part of the portfolios offered by superannuation funds.
Continue reading...