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'Magnificent Seven' Stocks Near Correction Territory as $1.7 Trillion in Value Erased
Technology stocks encountered a "Black Wednesday", USA's "hard landing" should not be ignored!
Some popular recession indicators are continuously alarming, and the yield curve has been inverted for two years, releasing recession signals of unemployment rate. The market is paying attention to whether the second quarter GDP to be released on Thursday will trigger a red light warning.
"AI selloff wave" triggers a huge wave in the industry! SK Hynix's impressive performance cannot escape the largest drop in stock price in 20 months of "misfortune".
After the technology stocks plummeted, the SK Hynix stock price experienced the largest decline in 20 months, casting a shadow over the strong financial performance of this supplier of Nvidia (NVDA.US) in the quarter ended in June.
Apple in Focus as Barclays Ups Estimates on Improving IPhone, Mac, Services
Alphabet's Earnings Set the Stage for Tech's AI Question
Performance exceeded expectations across the board, with a net income increase of 16%! The AI boom has revitalized old-tech giant IBM (IBM.US).
IBM continues to benefit from the global corporate frenzy of AI deployment.
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