**Tech Giants' AI Hype Fizzles, Investors Seek New Opportunities**
The once-bullish momentum of the "Magnificent Seven" tech stocks—Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla—may be waning. Investors are growing disillusioned with the slow pace of AI advancements, says Sandeep Rao, senior researcher at Leverage Shares.
- **AI Disappointment**: Despite high hopes, AI hasn't significantly cut human labor costs, leaving investors underwhelmed.
- **Stock Performance**: While Tesla has dropped over 19% year-to-date, Nvidia leads with a 117% gain. However, all seven stocks fell last month.
- **Market Impact**: A potential decline in these tech giants could also pressure Bitcoin prices, as investors shift away from riskier assets.
Stay tuned as investors look to diversify and find new long-term opportunities.