Institutions: After the Israel-Gaza ceasefire, the Magnificent Seven tech giants will lead the US stock market higher

According to a report by Golden Finance, Kathleen Brooks, an analyst at EU financial brokerage XTB, stated that after the ceasefire was announced in the Israel-Iran conflict, stock investors have shown a stronger preference for technology and artificial intelligence-related stocks over defense stocks. The seven leading tech stocks—Apple, Amazon, Alphabet, Microsoft, Meta, Nvidia, and Tesla—also known as the “Magnificent 7,” are expected to continue rising. Brooks noted, “As the market shifts its focus back to AI trading, these seven companies are very likely to lead the U.S. stock market higher.”