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Magnificent Seven Under Pressure | Business and Finance News
Description
Wall Street’s darling “Magnificent Seven” hit a rough patch in June, with nearly all of them dipping as AI spending soars and chip shortages drive up costs. Investors are now questioning whether the massive bets on AI infrastructure are paying off — especially as Oracle, not even in the group, took a hit for similar reasons. Meanwhile, the rest of the S&P 500 is thriving, hinting that the AI boom may be spreading beyond the big seven — and the real test is when the investments start delivering returns.
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