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Wednesday, May 22, 2024

Apple, Amazon, Nvidia, and other Big Tech stocks could see their profit growth ‘collapse,’ UBS says

UBS Global Research downgraded its rating of what it calls the “Big Six” tech stocks — Apple, Amazon, Google-parent Alphabet, Meta, Microsoft and Nvidia — in a note on Monday. Related Content Nvidia’s market cap has surpassed Amazon’s — thanks to the AI craze Nvidia stock tumbled and Apple climbed in …

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