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Hot Topic Hawke’s Bay
Margin Call
6 mins to read

Arms race in tech stocks – will we see an industry reset?

ANALYSIS: While it may not be clear what or how right now, ‘Magnificent 7’ boardrooms will be laser-focused on leading that race.

‘Magnificent 7’ tech stocks have all seen their share prices soar.

Tim Chesterfield Tue, 06 Aug 2024

In earnest, it all started in November 2022 when ChatGPT, developed by Open AI, bolted out of the gates and into the collective consciousness. A company whose mission is “to ensure that artificial general intelligence benefits all of humanity” sparked an arms race in capital spending between

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Tim Chesterfield Tue, 06 Aug 2024
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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‘Magnificent 7’ technology stocks ChatGPT Margin Call Tim Chesterfield Open AI S&P500 artificial intelligence
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