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The Mag 7 Just Lost $2.3 Trillion in a Single Month. Here’s the AI Fear Behind It
24/7 Wall St.34d agoneutral
The Mag 7 Just Lost $2.3 Trillion in a Single Month. Here’s the AI Fear Behind It

The Magnificent 7 erased $2.3 trillion in market cap in June alone, the largest monthly loss ever for the group, even as the Nasdaq heads for its best quarter since 2020. CNBC’s MacKenzie Sigalos framed the split neatly on June 30: “the mag-7 erased 2.3 trillion in June alone, the largest monthly market cap loss ... The Mag 7 Just Lost $2.3 Trillion in a Single Month. Here’s the AI Fear Behind It

A Strategist Says Big Tech Is ‘Completely Underappreciated’ With a PEG Under 1 as Everyone Bails
24/7 Wall St.34d agoneutral
A Strategist Says Big Tech Is ‘Completely Underappreciated’ With a PEG Under 1 as Everyone Bails

Venu Krishna went on CNBC’s Closing Bell Overtime on June 30 and argued that the money fleeing Big Tech is running the wrong direction. His pitch: a PEG ratio below 1 for the Mag 7 excluding Tesla, roughly 30% earnings growth in Q1, and multiples that have already been marked down. “Everybody, when they think ... A Strategist Says Big Tech Is ‘Completely Underappreciated’ With a PEG Under 1 as Everyone Bails

SpaceX Joins the Nasdaq-100 on July 7. Here Are the ETFs That Feel It Most.
etf.com35d agoneutral
SpaceX Joins the Nasdaq-100 on July 7. Here Are the ETFs That Feel It Most.

<p>Nasdaq officially announced on June 26 that SPCX enters the index before market open on July 7. That triggers $4.3 billion potentially in forced buying from QQQ alone — and up to $27 billion across all Nasdaq-100 and Russell trackers. Here's who wins, who gets diluted, and the catch nobody's talking about loudly enough.</p>

QQQ Investors Are Silently Losing 6.86% Over Five Years to a Fee Structure Their Cheaper Sibling Doesn’t Charge
24/7 Wall St.35d agoneutral
QQQ Investors Are Silently Losing 6.86% Over Five Years to a Fee Structure Their Cheaper Sibling Doesn’t Charge

If you hold Invesco QQQ Trust (NASDAQ:QQQ), you own the most heavily traded Nasdaq-100 vehicle on the market. You also own a fee structure that a nearly identical sibling fund quietly undercuts, with the gap showing up right where investors feel it: the trailing return. What You’re Actually Paying QQQ tracks the Nasdaq-100. So does ... QQQ Investors Are Silently Losing 6.86% Over Five Years to a Fee Structure Their Cheaper Sibling Doesn’t Charge

SpaceX Falls 6% Despite a Bullish Dan Ives Rating as Rocket Lab Climbs 5%, Virgin Galactic Rises 3%
24/7 Wall St.35d agobearish
SpaceX Falls 6% Despite a Bullish Dan Ives Rating as Rocket Lab Climbs 5%, Virgin Galactic Rises 3%

Space stocks are diverging sharply at midday Wednesday, with the market’s newest space giant sliding even as smaller rivals rally on their own catalysts. SpaceX (NASDAQ:SPCX) shares are down 6% to $159.81, while Rocket Lab (NASDAQ:RKLB) stock is up 4% to $105.64 and Virgin Galactic (NYSE:SPCE) stock is climbing 3% to $2.99. The split looks ... SpaceX Falls 6% Despite a Bullish Dan Ives Rating as Rocket Lab Climbs 5%, Virgin Galactic Rises 3%

AI Just Minted $10 Trillion and You Own None of It. These 4 ETFs Put You in the Game
24/7 Wall St.37d agoneutral
AI Just Minted $10 Trillion and You Own None of It. These 4 ETFs Put You in the Game

The numbers behind the artificial intelligence boom have stopped feeling abstract. AI capital spending is now propping up large portions of U.S. economic growth, hyperscalers are signing multi-year power contracts, and a handful of chipmakers have added trillions in market value while you watched from the sidelines. If that sounds painfully familiar, four exchange traded ... AI Just Minted $10 Trillion and You Own None of It. These 4 ETFs Put You in the Game