Tech Stocks Are Selling Off. Here's Why I'd Rather Own MercadoLibre Than Any "Magnificent Seven" Stock.

As tech stocks face a selloff due to rising interest rates and AI infrastructure costs, the author argues MercadoLibre offers a compelling alternative. Unlike Amazon, MercadoLibre avoids massive cloud infrastructure spending while maintaining Amazon-like growth potential in Latin America's e-commerce and fintech markets. Despite recent margin cuts and loan expansion pressures, the company's smaller size and history of turning adversity into opportunity position it for outperformance versus the Magnificent Seven.