The Magnificent 7's Decline: A Shift in AI Investing The AI boom has been one of the most remarkable investing stories of our time, transforming the stock market landscape faster than almost any trend since the dot com bubble.
When OpenAI released ChatGPT in late 2022, investors quickly realized that AI wasn't just another speculative technology story it was becoming the next computing platform.
The resulting capital influx into a handful of companies with the right chips, cloud infrastructure, software, and balance sheets has created a small club known as the Magnificent 7.