Magnificent 7 Lose $2.3 Trillion in Value Amid AI Spending Fears
The “Magnificent 7” technology stocks—Microsoft, Nvidia, Alphabet, Apple, Meta, Tesla, and Amazon—have seen approximately $2.3 trillion in market value erased this month as investors scrutinize heavy infrastructure spending on artificial intelligence, according to data cited by CNBC. While the CNBC Magnificent 7 Index has dropped 10% in June, the broader semiconductor sector continues to show … Read more