Three of the Mag 7—Nvidia, Microsoft, and Meta—are up double digits since the start of 2025 and are currently at or near record highs. Amazon and Alphabet remain slightly off their records. Apple and ...

DTC margins are expanding—from 0% in FY24 to 13%+ by FY28E—and the content slate looks robust. Zootopia 2, Avatar 3, and ESPN ...