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Apple AAPL has been the best-performing Magnificent Seven stock this year,gaining more than 27%. In comparison, Roundhill Magnificent Seven ETF MAGS is up only 2.7% (at the time of writing). Microsoft Corp. MSFT is up 13.3%, Meta META is off 7%, Alphabet GOOGL is down 10.7%, NVIDIA NVDA is off 3.8% and Tesla TSLA has plunged about 21.5%. Apple's golden days are likely to brighten further as Democrats win the midterm elections – an outcome viewed as a potential catalyst for the anti-AI trade. Why Does AI Trade Fall Out of Favor? The AI trade, which has powered much of Wall Street's bull-market rally, has been under pressure for quite some time.
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