Dow Jones stocks jumped more than 400 points after the Fed cut rates by 50 basis points Wednesday. Nvidia soared past a key level.
CEO Jensen Huang says the scale to grow AI from here will be exponential.
Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon.com, Nvidia, Meta Platforms and Tesla lived up to their name in 2023 with big gains. But the third quarter of 2024 showed their returns diverging and the whole group came under selling in recent weeks before rebounding.