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The Magnificent Seven tech stocks: Bubble or unstoppable?
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Some market watchers fear the party will soon end after two years of a jaw-dropping rally.
ST ILLUSTRATION: MANNY FRANCISCO
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SINGAPORE – Rocketing share prices of tech giants carving out lucrative space in areas like artificial intelligence (AI) and cloud services have made many investors richer, including those in Singapore, but how long the gravy train keeps running is anyone’s guess.
Many of the so-called Magnificent Seven – Nvidia, Microsoft, Meta Platforms, Alphabet, Tesla, Apple and Amazon.com – have seen stocks hit record highs, driven in large part by new opportunities for AI.
