Google's generative AI flubs could erode consumer trust in the company that's synonymous with finding accurate information online.
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 middle part of the second quarter of 2024 showed a big divergence of returns.
The group of megacap stocks is made up of Nvidia, Apple, Amazon.com, Microsoft, Google’s parent Alphabet, Tesla, and Meta Platforms. Apple and Amazon were the standouts, up 0.9% and 0.5%, respectively. Tesla stock was up 0.2%.