6 articles
Software stocks are experiencing a sharp selloff, with major companies trading 26-69% below their recent highs as investors worry about AI's potential to disrupt the industry.
A recent WSJ chart reveals the Magnificent 7 have surged approximately 170% since November 2022 while U.S. consumer sentiment has weakened. Surveys show that only 31% of Americans feel comfortable with AI, compared to 72% who embraced the early internet in 1995.
Alibaba shares rebounded 3% in pre-market trading after its new Qwen AI app overwhelmed servers during public beta launch, signaling strong demand for the company's latest AI push.
The Magnificent 7 now control a record 35.9% of the S&P 500's market cap, pushed higher by AI excitement, while generating just 26.8% of actual profits.
Several data center operators have posted massive gains this year as AI and cloud computing drive unprecedented demand for infrastructure.
AI infrastructure has become the dominant investment theme in tech, with massive capital flowing into semiconductors, cloud systems, and energy—transforming the physical backbone of artificial intelligence into the market's primary growth driver.
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Saad Ullah
Usman Salis
Peter Smith
Alex Dudov
