> mag7 (minus) tesla are all relatively cheap when they dip

I asked ChatGPT for a list of Magnificent 7 stocks and their most recent price to earnings (PE) ratios.

    Company Ticker P/E Ratio
    Apple Inc. AAPL ~33
    Microsoft Corporation MSFT ~25
    Alphabet Inc. GOOGL ~29
    Amazon.com Inc. AMZN ~30
    NVIDIA Corporation NVDA ~38
    Meta Platforms Inc. META ~28
    Tesla Inc. TSLA ~378

In the last 50 years, I think the median PE ratio for S&P 500 index is about 15. Seven and below is considered rock bottom, and 30 and above is very high. These PE ratios look pretty damn high to me.

How much do these names need to "dip" for you to consider them cheap?