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Why The Mag 7 Trade Is Played Out

For more than two years, the mega-cap “Magnificent Seven” tech stocks have dominated the market and demanded investors’ attention…

The driving force behind all these massive gains? Artificial intelligence (AI).

There are plenty of promising projects, but it could still take years for them to reach maturity. That’s why investors are focusing so heavily on the “AI picks & shovels” play, which is Nvidia (NVDA). Regardless of who makes the next big breakthrough, they’ll need an army of Nvidia GPUs to do it.

Except, that might not be the case…

This post appeared first on Money & Markets, LLC.