Nvidia earnings seal Big Tech stock dominance

Nvidia’s blowout earnings wrapped up another headline reporting season for the so-called Magnificent 7 tech stocks, underscoring their broader market dominance amid this year’s record-setting rally. Nvidia’s (NVDA) first quarter earnings tally included both a fivefold increase in overall revenue, which topped $26 billion, and a massive surge in net income that produced a bottom line of $15.24 billion. Related: Costco earnings and Fed inflation gauge could rock markets this week With that final final report, the collective net income of the Magnificent 7 tech stocks, which include Microsoft (MSFT) , Apple (AAPL) , Alphabet (GOOG) , Amazon (AMZN) ,…