Nvidia Corp. and Tesla Inc. stood out in what was a stellar earnings season for most of the US technology megacaps. The two companies are outliers in more ways than one among the so-called Magnificent Seven tech stocks.
- Megacap tech companies have been rewarding investors not just for their growth potential but also by acting as havens during times of turbulence. That’s not the case, however, for Nvidia and Tesla.
- Tesla is the only one of the Mag 7 that missed earnings expectations with revenue actually declining.
- Nvidia can still benefit from greater AI adoption across enterprises. But its rate of growth largely depends on spending ...
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