AICNBC Techabout 1 hour ago
Mag 7 loses $2.3 trillion on AI spending fears
1 min read
The Magnificent 7 lost $2.3 trillion in market value this month as investors scrutinize massive AI infrastructure spending. The CNBC Magnificent 7 Index fell 10% in June. Microsoft dropped 20%, Nvidia fell 13%, while Apple and Amazon each declined around 8%. Investors await second-quarter earnings in July.
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