Bank of America spots new curveball for Magnificent Seven stocks
Reported by Yahoo Finance · finance.yahoo.com · August 9, 2026
The ‘Magnificent Seven’ stocks spent years convincing investors that their tremendous AI spending would translate into sustainable growth, powerful cash flows, and fatter valuations. That assumption is now up against a major test. Wall Street has largely treated hyperscaler spending as a powerful ...
What the tape says
What to watch: AI infrastructure spend continues to concentrate in compute, memory, and power equipment.
Market reaction today: $BAC +1.04%
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