Opinion
Are the magnificent seven at risk of having their wings clipped?
Perhaps investors are finally losing patience with the hundreds of billions of dollars being ploughed into artificial intelligence as the world’s leading tech companies vie for supremacy.
Karen MaleyColumnistWhen companies unveil massive investment spending programs, investors typically become anxious to see signs that they’ll quickly translate into higher earnings.
And it looks like even the so-called magnificent seven – the high-performing tech stocks Microsoft, Apple, Nvidia, Alphabet, Amazon, Meta and Tesla that are expected to benefit from the continuing artificial intelligence boom – are beginning to feel the pressure.
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