As Tech Companies Keep Pouring Money Into AI, Signs May Be Pointing to Disaster

Quick Summary:

Despite an announcement by President Donald Trump to dump $500 billion into AI development, the so-called "magnificent seven" (M7) stocks — the wall-street nickname for Google, Meta, Nvidia, Tesla, Apple, Microsoft, and Amazon — are slumping.

The Magnificent Seven The fourth quarter earnings season is in full swing, and big tech companies may be losing out.

Once thought to be air-tight, analysts are now warning that it may be time for investors to sell, as M7 companies report less than stellar fourth quarter and full-year results.

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Article Details

Author / Journalist: Joe Wilkins

Category: Technology

Markets: United States

Topics: Magnificent seven Ai Finance Artificial Intelligence Stock market

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-13 @ 17:11:16 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: futurism.com

Language: English

Article Length: 577 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Futurism

News ID: 26125203

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