Perspective on the Magnificent Seven
US equity market performance in 2023 was dominated by growth stocks, led by a cohort of companies known as “The Magnificent Seven.” Read on to hear more.
Capitalise on cycle-defying secular trends
While macro influences can move equities for fleeting periods, dynamic growth from innovative forces outside the economic cycle offers ongoing opportunity as investors return to focusing on fundamentals over time. Still in its nascent stage, artificial intelligence is quickly emerging as this generation’s most consequential megatrend given its potential to transform the global economy.
Innovative companies delivering powerful new products and services with durable earnings offer investors compelling opportunities for long-term growth. Explore the key themes driving the future.
Jennison Associates manages $194 billion using an active investment approach driven by individual-company fundamentals. Successfully employed for more than five decades, the approach identifies companies behind structural shifts in their industries that enjoy sustainable competitive advantages and consistent revenue gains. Portfolio characteristics reflect the most compelling opportunities uncovered through exhaustive, bottom-up research.
US equity market performance in 2023 was dominated by growth stocks, led by a cohort of companies known as “The Magnificent Seven.” Read on to hear more.
Jennison Associates explores the growth equities outlook for 2024.
Is generative AI just hype? Jennison Associates discusses why it could be the biggest technological evolution and invention that we have ever seen.
Jennison Associates explores how software is a critical driver of the generative AI revolution.
Dramatic advances in silicon chips have powered the generative AI revolution. Jennison Associates explains how it happened.
Sources of data (unless otherwise noted) are as of 31 December 2023.
References to specific securities and their issuers are for illustrative purposes only and are not intended and should not be interpreted as recommendations to purchase or sell such securities. The securities referenced may or may not be held in the portfolio at the time of publication and, if such securities are held, no representation is being made that such securities will continue to be held.
The views expressed herein are those of PGIM investment professionals at the time the comments were made, may not be reflective of their current opinions, and are subject to change without notice. Neither the information contained herein nor any opinion expressed shall be construed to constitute investment advice or an offer to sell or a solicitation to buy any securities mentioned herein. Neither PFI, its affiliates, nor their licensed sales professionals render tax or legal advice. Clients should consult with their attorney, accountant, and/or tax professional for advice concerning their particular situation. Certain information in this commentary has been obtained from sources believed to be reliable as of the date presented; however, we cannot guarantee the accuracy of such information, assure its completeness, or warrant such information will not be changed. The information contained herein is current as of the date of issuance (or such earlier date as referenced herein) and is subject to change without notice. The manager has no obligation to update any or all such information; nor do we make any express or implied warranties or representations as to the completeness or accuracy.
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