Reported about 16 hours ago
Wall Street's outlook on the US stock market is deteriorating, reflecting concerns not only about the broader economy but also about AI-driven stocks. The dramatic sell-off has affected major tech companies, transforming the prominent 'Magnificent Seven' into the 'lag seven.' With earnings growth estimates stagnating and investor skepticism rising, particularly around future AI investments, analysts are adjusting their ratings on equities amidst turbulent market conditions.
Source: YAHOO