China’s “Fab 4” surpasses the US’s “Lagnificent 7” – Bofa (Mags: Bats)

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According to Michael Hartnett, Bofa’s chief investment strategist, Deepseek’s launch of open source AI model R1, bringing a 3T market capitalization loss of 15T to 3T $15T in Magnificent 7 stock.

Most of these “Lagnificent 7” stocks are down, as he calls them, but

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