This is John Batchel. Liz Peake does the favor of remembering the Mag 7 in his market turmoil

directed by tariffs and then illegal tariffs and then renegotiated tariffs and then visits to China.

And of course the war in Iran, the war in Lebanon, the war in Gaza, and the war in Ukraine.

We get back to the Mag 7, no longer flying high, but then again not selling off,

the doubts about them.

And what about the future with the Mag 7?

Here's Liz.

It's a fun story.

Interesting question.

I raised on air this morning the possibility that, well, the reality that we, no one's really talking about higher energy costs and power costs impacting AI and the industry, right?

All we've heard about is how much power and energy and

electricity these industries consume. So it's a little funny that nobody is, well, wait a minute,

what does $105 oil mean for the AI sector? No one's really talking about that. It will mean,

I think, lower margins, lower profitability. but i think the bigger point is that we

had a correction in the mag seven stocks so almost all of them are down the ai trade definitely took a hit

because everyone was so concerned about overcapacity and that was a healthy thing i mean someone

needed to look at these individual companies and say okay okay, this one, you know, is kind of

Google's doing better than this one and, and here's how it's all sorting out. But the reality is this is

still a very real, very powerful trend in the world economy, and particularly in the United States right now,

because that's where most of these companies are headquartered. And, you know, there, no one is saying, well, gosh, because

of the war in Iran, I'm not going to build a data center. That's just not happening. I think the

demand is there. That's what came out of the NVIDIA comments yesterday. And I, you know,

...