Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon, Nvidia, Meta Platforms and Tesla lived up to their name in 2023 with big gains. But the middle part of the second quarter of 2024 showed a big divergence of returns.
Technology stocks were muted early on Thursday after a strong session on Wednesday, with investment in artificial-intelligence technology still top of the agenda. Microsoft shares were up 0.1% in early trading as it faces regulators’ questions over its artificial-intelligence investment. The Federal Trade Commission is investigating whether Microsoft structured a deal to employ Inflection AI’s co-founder and almost all of its employees to avoid an antitrust investigation, The Wall Street Journal reported, citing people familiar with the matter.
The latest investor updates on stocks that are trending on Thursday