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At close · Mon, Aug 3, 2026
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HomeUS MarketsSectorsMagnificent Seven shares move as AI frenzy that starte…

Magnificent Seven shares move as AI frenzy that started with ChatGPT fades

MarketWatch reports that the so-called Magnificent Seven companies have collectively done something they have not done since ChatGPT was first released.

The outlet ties the move to the earlier market surge sparked by artificial intelligence expectations, when investors bid up the largest tech-linked names in a rapid, AI-driven frenzy.

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