Has the shine faded from the Magnificent Seven?
The flagship names of the US stock market the so-called Magnificent Seven have stumbled out of the gate this year, with share prices dipping across the board. Collectively, the Bloomberg Magnificent Seven Total Return Index has dropped 16% YTD and is more than 20% below its December 2024 peak.
For investors with conviction in the long-term promise of artificial intelligence and the enduring power of Silicon Valley innovation, this pullback may look like a golden opportunity. Are these tech giants now overlooked bargains waiting to rebound? Or is it still too early to re-enter the fray?
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