Following a 7% pullback earlier in June, the tech-heavy Nasdaq-100 has bounced back more than 5% as bullish investors demonstrate that they believe the artificial intelligence (AI) trade still has plenty of room to run. But with volatility remaining elevated, investors are finding it increasingly difficult to identify potential individual winners.
The Magnificent Seven hyperscalers have seen wildly disproportionate performances. Alphabet (NASDAQ: GOOGL), for example, is up more than 100% in the past year, but Microsoft (NASDAQ: MSFT) has lost more than 20% over the same period.
