The economist who coined the phrase 'Magnificent 7' says the very thing that made them extraordinary is under threat

Michael Hartnett, who coined the "Magnificent 7" phrase, warns that the very characteristic that made these tech giants extraordinary—their ability to generate significant cash without spending it—is now threatened. Due to massive AI investments, these companies are becoming increasingly reliant on the bond market, tying their prospects to an asset class they once hedged against. Hartnett suggests that policymakers might intervene to stabilize the bond market, as higher yields could hinder AI in