Mag 7 Stocks Are Down. Long-Term Investors Should Buy the Dip.

Each of these stocks— Nvidia Tesla Apple Meta Platforms Alphabet Amazon.com and Microsoft —is down, but many indicators show that dip-buyers should come in soon. Nvidia has underperformed the rest of the chip universe since mid May, partly because other chip makers are selling general purpose artificial intelligence chips for companies’ data centers, threatening Nvidia’s market share. Apple is trying to prove it can maintain respectable sales growth (maybe its new AI strategy can help).