Tesla and Apple Stocks Slump as AI-Focused Competitors Rise
• Tesla stock slump threatens its place among "Magnificent Seven" top performing tech stocks • Investors suggest Tesla's successor could be a company that monetizes AI demand • Tesla faces issues like Chinese competition, price cuts, shrinking margins • Apple also lagging among "Magnificent Seven" due to lack of AI plans • Chipmakers like Nvidia, Broadcom, and AMD poised to benefit from AI boom