Tech stocks like Apple and Tesla have declined, but Nvidia's gains are positive

From Nasdaq: 2024-04-05 04:03:00

Technology stocks known as the “Magnificent Seven” saw a surge in 2023, helping the S&P 500 reach bull market status. Companies like Apple and Tesla have disappointed investors this year, with double-digit declines. Nvidia is leading the pack with 79% gains, contributing to the S&P 500’s strong first quarter performance. Despite current setbacks, Apple and Tesla still hold potential for long-term growth. Investors are turning towards AI-focused companies for growth opportunities, leaving giants like Apple and Tesla behind for now. The long-term outlook remains positive for both companies, with Apple’s strong brand strength and Tesla’s leading position in the EV market. Investors should weigh their options carefully and consider other high-growth stocks in the market.



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