The DeepSeek impact: 'Magnificent 7' vs. 'Lagnificent 7' By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 21 2025
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Source: Investing.com
Significant Fund Inflows: Global equity and bond funds experienced notable inflows last week, with European stock funds seeing their largest influx since before the Ukraine war, totaling $4.0 billion. Overall, stock funds attracted $16.8 billion, while bonds saw $16.2 billion in inflows.
Market Trends and Shifts: Bank of America strategists highlighted transformative forces in global markets, noting that the US stock market may be peaking compared to other regions, and the dominance of US technology stocks is shifting, as indicated by the change from "Magnificent 7" to "Lagnificent 7."
Analyst Views on IBIT
Wall Street analysts forecast IBIT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IBIT is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 50.670
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Current: 50.670
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
