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Barchart
Barchart
Mohit Oberoi

Is GOOG Stock a Buy Amid the Software Selloff?

Alphabet Google Magnificent Seven Nvidia Motorola OpenAI

The selloff in artificial intelligence (AI) plays has intensified, with hyperscalers particularly feeling the heat. Even Apple (AAPL), which had been looking steady amid the selloff, came under pressure and fell 5% on Feb. 12 on reports of Siri delays and the company facing Federal Trade Commission (FTC) scrutiny over alleged bias against conservative voices on Apple News.

All “Magnificent Seven” stocks except Nvidia (NVDA) have turned red for the year, which is unsurprising. While growing AI capex is putting pressure on tech names, Nvidia stands to benefit from the spending spree, as much of it will end up in the company's coffers.

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