The AI trade might have gotten a whole lot bumpier after rolling through big tech earnings season, but the boom still seems to be very much on the table.
The seven companies that make up the S&P 500's "Magnificent Seven" stocks have been on the rise for some time. Two years ago, they combined to account for 30% of the total valuation of the S&P 500 (SPX).
Palantir and Alphabet have emerged as major players in the high-growth AI market. Both are generating strong revenue growth -- and they see ongoing demand from customers.
Alphabet's quantum chip recently demonstrated a verifiable advantage over classical machines -- the first time that feat had been accomplished. Nvidia's NVQLInk ensures the chipmaker will remain relevant in the era of quantum computing.
Alphabet's Google was hit with an EU antitrust investigation into its spam policy on Thursday following complaints from publishers who say it has hurt their revenues, putting the U.S. tech giant at risk of yet another hefty fine.
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