The current AI oversupply has prolonged the cost recovery on major AI investments, which could force large corporations to shift investment focus.
The bullish momentum of the “Magnificent Seven” stocks could be coming to an end due to investor disappointment related to a lack of technological development.
The Magnificent Seven is a moniker used for some of the top-performing tech stocks, including Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla.
The Magnificent Seven hype may be coming to an end due to investor disappointment related to artificial intelligence (AI) development, according to Sandeep Rao, senior researcher at Leverage Shares.
