Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon, Nvidia, Meta Platforms and Tesla lived up to their name in 2023 with big gains. But the early part of the second quarter of 2024 showed a big divergence of returns.
Google took back the AI crown during its I/O developer conference, but its reign could be short-lived.
The race to build the computing power necessary for artificial intelligence has Big Tech spending like Big Oil, as described in an analyst note Wednesday.