Magnificent Seven Leadership In Question As MAGS ETF Stumbles: Is AI Losing Steam?
1. The Magnificent Seven stocks face scrutiny due to stretched valuations. 2. MAGS ETF is down 8.07% year-to-date, showcasing bearish momentum. 3. Key support levels are at risk; testing the 200-day moving average. 4. China's DeepSeek AI platform raises concerns over American tech supremacy. 5. Investors question if this is a pullback or decline in tech dominance.