The great rotation: Investors desert the Magnificent 7, crypto for AI bottlenecks
Capital is flowing out of the largest tech companies and bitcoin as investors pile into semiconductors, memory stocks and space-related opportunities.
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Summary
- The so-called Magnificent 7 stocks and bitcoin have lost momentum, with Microsoft down 33% from its highs, Meta down 28% and Tesla down 20% while bitcoin (BTC) holds about 50% below its October peak.
- Investors are rotating into semiconductors, memory stocks and SpaceX-linked opportunities as concerns grow over the sustainability of hyperscalers’ massive AI spending plans.
