Magnificent 7
Coverage of Magnificent 7 in the Nexus archive.
- The age of ‘The Magnificent 7’ is over
The article discusses the end of the era for 'The Magnificent 7' and argues that the term is more dangerous than mere market hype. A cynic suggests such labels are created by professionals to boost markets.
- Oil spikes, stocks fall on Iran and AI fears
Oil prices surged to $100 a barrel, and Magnificent 7 stocks lost nearly $800 billion in value as concerns over AI spending and Iran tensions caused global market declines. Rising oil prices reignited inflation fears, and tech earnings failed to meet investor expectations focused on capital expenditures.
- A new group of stocks is transforming global equities markets. Meet ‘Memi,’ the $3 trillion sector fueled by AI’s insatiable hunger for memory chips
A new stock sector called 'memi'—combining memory and semiconductors—is driving growth in global equities due to AI's demand for memory chips. Micron Technology, SK Hynix, and Samsung, the top memory-chip manufacturers, have seen significant stock gains and trillion-dollar valuations, though risks arise if tech companies reduce spending.
- US stocks edge higher as falling oil prices help take pressure off the market
US stocks rose slightly as falling oil prices and bond yields eased market pressure. The S&P 500, Dow Jones, and Nasdaq all gained 0.2%, with technology stocks mixed after recent losses. Alphabet replaced Verizon in the Dow, and oil prices dropped amid US-Iran war negotiations.
- The great rotation: Investors desert the Magnificent 7, crypto for AI bottlenecks
Investors are shifting funds away from the Magnificent 7 companies and cryptocurrencies, redirecting capital toward addressing AI bottlenecks. The article highlights a market trend reflecting changing investor priorities.
- OKX expands X-Perps in Europe with Magnificent 7, gold and oil futures
OKX is expanding its X-Perps product in Europe by introducing tokenized stock and commodity futures, including the Magnificent 7, gold, and oil. This move increases competition with other major exchanges like Coinbase, Kraken, and Binance in the regulated derivatives market.