Reported about 12 hours ago
Recent declines in Big Tech stocks have not enticed cautious buyers as traders speculate further downturns may be ahead. Despite the Magnificent Seven companies, including Apple and Amazon, hitting their lowest valuations since September, concerns about economic conditions and potential AI investment failures remain. Analysts have lowered profit growth estimates for these companies, leading to a wary market where investors hesitate to buy the dip amidst ongoing uncertainties.
Source: YAHOO