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Magnificent Seven

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business2 months ago

Wall Street Faces Volatility Amid Tech and AI Market Concerns

Tech stocks, especially the Magnificent Seven, lost over $1 trillion in market value this week amid a broader selloff driven by concerns over an AI bubble, despite some experts arguing that current valuations are supported by real earnings and structural changes. The market downturn was triggered by fears of overvaluation and a potential bubble burst, though some analysts believe the AI-driven growth reflects genuine long-term profitability.