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How the AI tech rally is boosting your super | The Business | ABC News

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The company behind much of the technology fuelling artificial intelligence, Nvidia, has seen its shares surge almost 200 per cent this year as part of a wider AI boom, driven by ChatGPT. The hype has sparked the creation of the 'Magnificent Seven', replacing the FAANG stocks. The share price of Meta, Amazon, Apple, Alphabet, Tesla, Microsoft and Nvidia have all risen sharply through 2023, but are those sky-high valuations justified?
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