Crucial Nvidia results to set the course for faltering 'Magnificent Seven'

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Crucial Nvidia results to set the course for faltering 'Magnificent Seven' - Business Standard

Quick Summary:

The Magnificent Seven stocks have retreated from their late-2024 peaks and the group is in correction territory, with the Roundhill Magnificent Seven ETF down more than 11 per cent since its December 17 closing high.

That has weighed on the market reaction after its results over the past two quarters."Nvidia has the heavy task of lifting the market mood this week.

The launch of low-cost AI models from China's DeepSeek last month wiped off more than half a trillion dollars from Nvidia's market value in a day.