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Michael O’Rourke, chief market strategist at Jones Trading, explained that shares of Alphabet, Broadcom Inc.

Among other large companies, Walmart Inc.

While Apple’s stock lagged many of its ”Magnificent Seven” peers for much of the year, it has outperformed all but Alphabet Inc.’s stock over the past month, reflecting increased scrutiny of capital expenditures elsewhere in the technology world.

While Apple’s stock lagged many of its ”Magnificent Seven” peers for much of the year, it has outperformed all but Alphabet Inc.’s stock over the past month, reflecting increased scrutiny of capital expenditures elsewhere in the technology world.

Through Wednesday, Alphabet Inc.’s stock had returned 13.8% for November, while Nvidia Corp.’s stock had declined 11%.