Institution: After the Israel-Hamas ceasefire, the seven tech giants will lead the U.S. stock market higher

ChainCatcher news, EU financial broker XTB analyst Kathleen Brooks stated in a report that after the announcement of a ceasefire in the conflict between Israel and Iran, stock investors prefer technology and artificial intelligence-related stocks over defense stocks. The 7 leading tech stocks, known as the "Magnificent 7"—Apple, Amazon, Alphabet, Microsoft, Meta, Nvidia, and Tesla—are expected to continue rising.

Brooks stated, "As the market refocuses on artificial intelligence trades, these 7 companies are likely to lead the U.S. stock market higher."