New Leaders Emerge As Market Dynamics Change

SARINYAPINNGAM From the latest news and earnings reports, it looks like the Magnificent 7 leadership is changing. For starters, Apple (AAPL) and Tesla (TSLA) are beginning to falter, while the AI-related rally in Nvidia (NVDA) and Super Micro Computer (SMCI) continues to lead the overall stock market higher. NVDA rose 3.6% on Monday, while SMCI soared 18.65%, due largely to the news that it will be added to the S&P 500 on March 18th – and many investors decided to get a head start on the index funds. It looks like Super Micro Computer snuck up on many institutional investors,…