Business
Magnificent 7 Loses $767 Billion as AI Skeptics Dump Tech Stocks
- 1 min read - Source: Bloomberg
TOP SUMMARY
The Magnificent Seven group of megacap technology stocks is on track for its biggest one-day drop since the tariff tantrum in April 2025 as results from...
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Key points
- The Magnificent Seven group of megacap technology stocks is on track for its biggest one-day drop since the tariff tantrum in April 2025 as results from Alphabet Inc.
- are casting doubt on the durability of the artificial intelligence trade that has powered the stock market for more than three years.
What happened
The Magnificent Seven group of megacap technology stocks is on track for its biggest one-day drop since the tariff tantrum in April 2025 as results from Alphabet Inc. and Tesla Inc. are casting doubt on the durability of the artificial intelligence trade that has powered the stock market for more than three years.