Don't count out the Mag 7 yet: It's 'time to own the winners'
Pressure on US stocks (^DJI, ^GSPC, ^IXIC) persists as investors weigh the impact of US President Donald Trump's tariffs. Wedbush Securities managing director and global head of technology research Dan Ives joins Seana Smith on Morning Brief to take a closer look at the tech sector as Nvidia (NVDA) and Tesla (TSLA) drag the "Magnificent Seven" lower. Ives tells Yahoo Finance that the sell-off is "a growth scare," explaining, "If you look at the tariffs, the concern is: What does this mean for the AI trade, chips, export controls?" "It's added uncertainty, but in my opinion, it doesn't change the demand cycle," he adds. "In other words, this is not going to end the tech bull market; it's a scare, but I believe it's more opportunities than time to head for the hills." Despite recent losses, Ives says he still believes the Magnificent Seven presents opportunities for investors. "I get that there's a lot of uncertainty, but just as we navigated tariffs in [2018] and '19, just like we've navigated other macro issues, [our view is] it is the time to own the winners," highlighting Nvidia, Palantir (PLTR), Apple (AAPL), Microsoft (MSFT), and Alphabet (GOOG, GOOGL) specifically. Ives says the current sell-off is due to "70% macro" concerns, as "the worry is that you just don't know the rules of the game" as Trump's tariff policy evolves. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Naomi Buchanan.
