Magnificent Seven Emerge From Rocky Week Remarkably Unshaken
- Tech giants mostly higher after earnings, DeepSeek AI shock
- Investors stick with bets despite fresh risks, valuations
The Nasdaq MarketSite in New York, US.
Photographer: Yuki Iwamura/BloombergThis article is for subscribers only.
After a week for the biggest US technology companies that began with a body blow from a Chinese AI upstart and included a batch of pivotal earnings, the biggest surprise may be how well they made it through.
Four of the biggest tech firms managed to mostly deliver on the promises implied by their gigantic market values, while at the same time assuaging anxieties brought by DeepSeek, whose impressively advanced, low-cost chatbot caught investors off guard and rattled markets this week.