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Magnificent Seven Leadership In Question As MAGS ETF Stumbles: Is AI Losing Steam?

Benzinga LogoBenzinga16h ago

Magnificent Seven Leadership In Question As MAGS ETF Stumbles: Is AI Losing Steam? - Benzinga

Quick Summary:

Technical Breakdown: Key Support Levels Under Threat

According to Turnquist, the group has violated a key uptrend from October 2023 and is now testing critical support at the 200-day moving average.

The Bloomberg Mag Seven Index, an equal-weighted basket of these high-flyers, has officially entered correction territory.

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Magnificent Seven Leadership In Question As MAGS ETF Stumbles: Is AI Losing Steam? - Benzinga (Picture 1)

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Article Details

Author / Journalist: Surbhi Jain

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-05 @ 19:23:02 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 336 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 20 words per sentence (average)

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

Copyright Owner: © Benzinga

News ID: 26684253

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About Benzinga

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 24 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

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