Concerns Mount Over 'Magnificent Seven' Tech Stocks Performance Amid AI Capex Worries

Shares of most 'Magnificent Seven' tech stocks are in the red this year, raising concerns about their soaring AI-fueled capital expenditure and the sustainability of their earnings growth rate.

22 Feb, 12:37 — 22 Feb, 12:37

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The 'Magnificent Seven' drove the stock market to record highs in recent years. Is the trade over?

Shares of all but two stocks in the "Mag 7" are in the red this year as worries mount about tech giants' soaring AI-fueled capex and earnings growth rate.

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Concerns Mount Over 'Magnificent Seven' Tech Stocks Performance Amid AI Capex Worries

Read at source (1 outlet)

The 'Magnificent Seven' drove the stock market to record highs in recent years. Is the trade over?

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