Reported about 8 hours ago
The Magnificent Seven technology stocks faced a correction as they dropped over 10% from their peak due to concerns about slowing earnings growth and valuation pressures. However, on Wednesday, they rebounded slightly ahead of Nvidia's fourth-quarter earnings report, which investors hope will show continued strong demand for AI chips despite rising market anxiety related to the economics of artificial intelligence. The recent performance issues have raised questions about the sustainability of growth in this sector.
Source: YAHOO