--- type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/40379809.md" description: "Since the war began, SOXX has risen 30%, the Mag 7 has risen 10%, the S&P has risen 5%, while the equal-weighted S&P has fallen.This chart is good, it shows that companies affected by the war are still falling; while the ones rising in this wave are mostly companies with little relation to the war and real profits. These companies are supporting the index's rise. Most tech stocks have little to do with the war.This is why we focus on buying those highly profitable companies. If you haven't done that, you're likely still losing money in this wave.In plain English: This rally is profit-driven. If you want to buy, buy profit-driven companies. Valuation expansion is just riding the wave, over." datetime: "2026-05-04T01:53:18.000Z" locales: - [en](https://longbridge.com/en/topics/40379809.md) - [zh-CN](https://longbridge.com/zh-CN/topics/40379809.md) - [zh-HK](https://longbridge.com/zh-HK/topics/40379809.md) author: "[鸿运777](https://longbridge.com/en/profiles/13852997.md)" --- # Since the war began, SOXX has risen 30%, the Mag 7… ### Related Stocks - [SOXX.US](https://longbridge.com/en/quote/SOXX.US.md) - [MAG.US](https://longbridge.com/en/quote/MAG.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md)