Tech stocks post best 6 months since 2023 — even with much of the 'Magnificent 7' in the 'penalty box': Chart of the Day
• Tech stocks achieved their strongest first-half performance since 2023, mirroring the initial surge driven by the artificial intelligence boom. • This growth occurred despite several "Magnificent 7" companies facing a period of stagnation or decline, known as the "penalty box." • Investor confidence in the sector is further evidenced by SpaceX's record-breaking public debut, which raised over $75 billion.
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