How the Magnificent Seven Tech Rally and Tesla’s 12% Surge Drove Nasdaq’s V-Shaped Recovery — Market Wrap Jul 2

7horns.ai Daily Briefing EN · Jul 2, 2026 · 4m

Today's AI insights from 7horns.ai highlight a remarkable Nasdaq reversal as the Nasdaq-100 ETF rose 2.64%, driven by the Magnificent Seven tech giants. Tesla surged 12.01% and Meta climbed 11.39%, powering a combined market cap jump of nearly $15 trillion. Alphabet also gained 7.06%, while Microsoft rallied nearly 9% off its lows, signaling a broad tech recovery. Our AI models point to a continued tech-led advance with a 69.2% probability of sustained momentum through next week, despite a possible short-term pause. Sector rotation favors software and financials, with Baidu showing strong…