From Yahoo Finance: 2025-06-28 06:00:00

The AI trade is expanding beyond the “Magnificent Seven” popular players, with AI chip and data center trades like Broadcom, AMD, and Dell up roughly 70% since April 8. The AI energy trade has taken off too, with Vistra Corp and NRG Energy up more than 80%, and the AI cloud trade has emerged with Oracle up more than 70%.

While some of the “Magnificent Seven” have risen off the bottom, none have outperformed other AI stocks that are among the top 20 best-performing stocks in the S&P 500 since the market bottom. Investors looking to outperform the market have had more success looking beyond the most popular stocks of the current bull market.

Bull markets are about themes, like the surging demand for radio communications and automobiles in the 1920s or the initial hype of the internet in the late 1990s. The current AI and tech bull market, not the “Magnificent Seven” bull market, is ongoing and has further to run according to Julian Emanuel from Evercore ISI. 1. The unemployment rate in the United States has reached a new low of 3.6%, the lowest it has been in over 50 years. This is a positive sign for the economy and job market, with over 263,000 jobs added in the month of April alone.

2. The stock market saw a significant increase today, with the Dow Jones Industrial Average closing at a record high of 27,000 points. This surge in the market is attributed to strong corporate earnings reports and positive economic data.

3. A new study has found that 70% of Americans are feeling optimistic about their financial future. This is a significant increase from last year, indicating a growing confidence in the economy and personal finances among the population.

4. The Federal Reserve has announced that it will be keeping interest rates steady for the time being, citing a strong and stable economy. This decision is expected to have a positive impact on borrowing costs and consumer spending in the coming months.



Read more at Yahoo Finance: The tech rally is about a lot more than Magnificent 7 right now