Mega-cap tech stocks took another hit in the sell-off that started this trading week, erasing $650 billion in market cap at a time when investors are beginning to rotate out of the Big Tech. Should investors interpret this environment as a sign to exit from the Magnificent Seven and long-term AI trades?
Josh Schafer breaks down a variety of Wall Street notes, indicating whether the AI trade has reached its bottom stemming from Monday’s sell-off and if investors should hunker down for the long-term.
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