The article discusses the recent sharp decline in the Magnificent Seven tech stocks, which have dropped over 10% due to tariffs introduced on "Liberation Day." This downturn has exacerbated an already volatile market, pushing these stocks into potentially oversold territory. While generally viewed as suffering greatly, specific stocks like Apple and Nvidia are identified as possible bargains. The article suggests that while tech valuations were previously inflated, the recent plunge may have overcorrected, providing a chance for investors looking for deals in a dismal market.
The Mag Seven looks done for. But some of the names within the basket could be fantastic deals after Liberation Day.
Sure, tariff troubles are hitting tech where it hurts. But with Treasury Secretary pointing the finger at tech instead of tariffs, many investors may be wondering if the latest batch of tariff news is merely the pin that burst the supposed AI bubble.
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