With earnings season in full swing, key companies worldwide will provide insights into sector performance. Investors will be particularly focused on updates from some of the 'Magnificent Seven', which will reveal whether the artificial intelligence (AI) trend continues.
The Mag 7 stocks have endured a challenging period, with the S&P 500’s (^GSPC) major players – Nvidia (NVDA), Microsoft (MSFT), Google (GOOGL), Tesla (TSLA), Apple (AAPL), Meta Platforms (META), and Amazon (AMZN) – experiencing a dramatic decline in market capitalisations. Amid a tech rout, these tech giants have collectively shed $1.128tn in market value, marking the largest such loss since May 2022.
By Pedro Goncalves.
Full story at Yahoo News.
No comments:
Post a Comment