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The AI boom

Thread starter tsptalk
Start date Jul 10, 2023

tsptalk

Moderator

Staff member

Jul 10, 2023

The AI boom has boosted the 'Magnificent 7' stocks' combined market cap to $11 trillion - that's nearly triple Germany's GDP.

The AI boom has seen the rise of a new grouping of mega-cap tech stocks, known as the "Magnificent 7."

The group's combined market value has surged 60% this year to $11 trillion – almost triple the GDP of Germany.

Skeptics, however, have warned the rally in the seven stocks could fade soon as economic headwinds gather.

https://finance.yahoo.com/news/ai-boom-boosted-magnificent-7-192500720.html

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