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The “Magnificent 7” – NVIDIA Corporation (NVDA), Apple (AAPL), Amazon.com (AMZN), Tesla (TSLA), Meta Platforms (META), Alphabet (GOOGL) (GOOG), and Microsoft Corporation (MSFT) – have long been the market’s growth engine, powered by big bets on artificial intelligence (AI). But lately, the momentum has faltered.
Tech and AI names, which are typically driven by long-term growth and stable outlooks, have felt the pressure. Worries about an AI bubble, along with rising tensions between Iran, the U.S., and Israel, have pushed these stocks into correction territory, with many falling sharply from their highs.