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Tech Giants Imploding Underweight From Years Of Eating Too Much Kool Aid

BitcoinDeFiEthereum 5 Kevin Nelson August 13, 2024

An illustration of a giant robot with its arms and legs broken down into pieces on the ground, surrounded by scattered gears and wires; nearby is an empty chair where once stood one of the 'Magnificent Seven' tech giants logos now shattered to pieces in the background are other company's logos still standing but fading away. The overall atmosphere conveys a sense of decline and loss of momentum with broken machinery elements symbolizing disappointment among investors, while also hinting at potential consequences for Bitcoin prices due to another possible downturn in these prominent stocks.

The mighty seven tech stocks are coming crashing down! How predictable is that? I mean who didn’t see this trainwreck brewing after all those promises about AI taking over human labor and making everyone rich overnight? And what’s up with these ‘experts’ always talking like they’re the first to discover something new when really it just takes common sense to figure out how ridiculous their claims are. The Magnificent Seven, more like the Disappointing Six (I’m looking at you Tesla). These overhyped stocks have been making promises for years and delivering nothing but disappointment

Source: cointelegraph

Tech giants losing momentum as AI progress disappoints investors
https://cointelegraph.com/news/magnificent-7-crash-ai-bitcoin-downside-volatility
The bullish momentum of the “Magnificent Seven” stocks could be coming to an end due to investor disappointment related to a lack of technological development. The Magnificent Seven is a moniker for the top-performing tech stocks: Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla. The Magnificent Seven hype may be coming to an end due to investor disappointment related to artificial intelligence development, according to Sandeep Rao, senior researcher at Leverage […]

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About the author

Kevin Nelson

Kevin’s foray into cryptocurrency trading was a full-scale disaster. His obsession with chasing trends and leveraging obscure assets led to a catastrophic loss of his entire life savings. Now, Kevin’s articles are a venomous mix of bitter humor and harsh reality checks, exposing the chaotic and treacherous world of crypto trading. His catchphrase: “I went from trading genius to broke fool in record time. Welcome to crypto—where the only thing guaranteed is your financial ruin.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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