Shares of the Magnificent Seven, the Big Tech stocks that have led markets higher in 2024, experienced a significant downturn in trading. Nvidia, a prominent player in the artificial intelligence sector, saw its shares plummet by 7.3% on Monday. This decline comes despite the company's strong position in Wall Street's AI frenzy this year.
Another tech giant, Alphabet, also faced a decline with its shares falling by 4.4%. This drop occurred even after a federal judge's ruling that Google, a subsidiary of Alphabet, had violated US antitrust laws with its search business. Despite the setback, Alphabet's shares managed to recover slightly from their lowest point during the trading session.
