Magnificent Seven Stocks Slip Into Correction as Nvidia Earnings on Deck | Global News Avenue

On Wednesday, the grand seven major technology inventory was moved in Correction area On Tuesday, people feared slowdowns and increased valuations to grow in leadership NVIDIA’s quarterly earnings This afternoon.

Bloomberg’s grand 7 total return index fell 10.7% from its all-time high, ending on Tuesday, December 17. Seven ETFs with magnificent Circle Text (Magazine) Unlike the Bloomberg Index, it fell by more than 11% during that time.

The current downturn in ETF is the third correction since its launch in April 2023. The first is a 12% shallowness from late July 2023 to late October of that year. The second is 18% of the sharp start Spin to small stocks In mid-July, the bottom was Japanese yen carrying trade crash Early August.

The result of NVIDIA is in AI, returns uncertainty

The group rebounded slightly Wednesday morning as Wall Street earned fourth quarter revenue for AI chip giant Nvidia (NVDA) After the bell sounds. this Results of AI cashew nuts The growing anxiety about slowing revenue growth and slowing AI economics on Wall Street are two drivers behind the rapid rise of the huge seven.

The huge seven companies have grown in double digit revenues over much of the past two years, becoming more challenging as year comparisons. Meanwhile, growth in the S&P 500 or the rest of the “other 493” is accelerating – albeit from a low base.

The grand 7-leading AI transactions are also bumping at the pace of this year. Chinese start-ups DeepSeek Late last month, Wall Street’s rattled open source models said it matched the performance of the leading U.S. models, while a fraction of the cost. This revelation prompted investors to question the practicality of the grand Seven’s massive investment in AI infrastructure.

Since then, many Wall Street and Silicon Valley residents have believed that DeepSeek’s threat to U.S. technology has been Being exaggerated. The tech giants are primarily their aggressive AI spending plans, showing that demand for AI is still strong. Despite this, tech stocks have not yet been derived from their DeepSeek Sales.