Tech breaking up despite one thing less magnificent

Nothing gonna stop us now?

NASDAQ is currently breaking above technical resistance. The past few days have been stellar for Tech and especially the Magnificent 7. The giants are delivering earnings growth many times over its pre-pandemic median. Big Tech earnings growth also kept the margin inflection story alive for a second straight quarter. However, is the fact that Big Tech EPS surprise was below long-term trend, as a lot of optimism was already baked into forecasts, something to worry about?

17800