Tech stocks are suddenly looking like a questionable-at-best bet for investors. The tech-heavy Nasdaq-100 has declined by about 9% since its Oct. 6 high. Many investors are worried about the high costs of building data centers and infrastructure for the artificial intelligence (AI) industry. Recent reports from skeptical analysts have suggested that the payoff from AI might not be arriving anytime soon. For most of the past several years, buying the "Magnificent Seven" tech stocks -- Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla -- has been a great way to grow your money. The Roundhill Magnificent Seven ETF (NYSEMKT: MAGS) offers equal-weight exposure to all seven of these companies in one exchange-traded fund (ETF). But in the past year, share prices of the seven companies represented in MAGS have mostly been negative or flat. Only Apple shares have delivered a strong gain.
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