Have markets outgrown need for stellar Mag 7 outperformances?
Market Intelligence Analysis
AI-PoweredUS stocks are searching for direction after Nvidia's earnings results failed to impress Wall Street, raising questions about the market's reliance on 'Magnificent Seven' stocks for performance.
Market impact analysis based on bearish sentiment with 80% confidence.
Article Context
US stocks (^DJI, ^IXIC, ^GSPC) search for direction Thursday morning after Nvidia's (NVDA) fourth quarter earnings results weren't enough to wow Wall Street investors despite beating estimates. Piper Sandler chief investment strategist Michael Kantrowitz comes on Morning Brief to discuss whether the equity market is outgrowing the need for outperformances from the Magnificent Seven and Big Tech in general. To watch more expert insights and analysis on the latest market action, check out more Morning Brief.
Analysis and insights provided by AnalystMarkets AI.