So far this year, the "Big Seven" in the U.S. stock market have fallen an average of 15%, dragging down the S&P 500 index. Goldman Sachs strategists pointed out that the "Big Seven" are currently at their lowest valuations since 2017. The strategist said that the current decline in stock prices is not a fundamental problem, but a calming of some hot money in the past two years. Objectively speaking, the "Big Seven" are currently facing the impact of economic slowdown and trade wars, which may affect their profits in fiscal 2025. Investors are also worried that these companies are spending too much on artificial intelligence and will have less cash flow. However, the strategist also reminded that the company's earnings expectations are considerable, "it is real profit growth, not bubbles and emotions." Since 2018, Nvidia's earnings have increased 10 times, Amazon's earnings have increased 5 times, and Google's parent company Alphabet's earnings have increased 4 times.