Tech giants navigate AI surge: Nvidia and Meta lead as others struggle to keep pace

In the realm of tech giants, a new narrative unfolds as Nvidia and Meta have surged ahead, leaving others in their wake. Amidst the AI frenzy, Microsoft and Amazon hold steady, while Tesla grapples with market woes and Apple and Alphabet face AI challenges. Investors demand growth, turning to leaders like Microsoft and Nvidia, while Apple seeks to redefine itself with AI initiatives. Meanwhile, potential collaborations loom, reminiscent of Microsoft's transformative journey.

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By Eric J Weiner, Jeran Wittenstein and Mark Gurman

For more than a decade, the stock market has been supercharged by a handful of technology behemoths that have offered the promise of hypergrowth. You know them: household names such as Google parent Alphabet, Amazon.com, Apple, Facebook parent Meta, Microsoft and Tesla. Grouped under various acronyms that played off their corporate monikers—FANG, FAANG, MAMAA—these companies became a staple of just about everyone's portfolio.

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