Agency: After the ceasefire between Iraq and Israel, the seven U.S. technology giants will lead U.S. stocks higher
According to online reports, Kathleen Brooks, an analyst at EU financial brokerage XTB, said in a report that after the ceasefire was announced in the Israeli-Iran conflict, stock investors preferred technology and artificial intelligence-related stocks rather than defense stocks. Apple, Amazon, Alphabet, Microsoft, Meta, Nvidia and Tesla, the seven leading technology stocks, or "Magnificent 7", will continue to rise. "As the market returns to focusing on artificial intelligence trading, these seven companies are likely to lead the U.S. stock market higher," Brooks said.
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