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AI Stocks Split as Tech Surges | Business and Finance News
Description
Tech’s on fire again, up nearly 28% year-to-date as AI-driven giants fuel the rally — but the “Magnificent Seven” are under pressure, with investors questioning if massive AI spending will pay off. While chipmakers like Micron and Western Digital soar over 200%, the semiconductor ETF climbs 100%, and IPO buzz hits with SpaceX, Anthropic, and OpenAI in the spotlight. Wall Street stays bullish heading into Q3, eyeing earnings season in July for AI validation — and strategists say any dip is a buying opportunity.
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