Magnificent 7 Loses $767 Billion as AI Skeptics Dump Tech Stocks
The Magnificent Seven technology stocks experienced their largest single-day decline since April 2025, losing $767 billion in value as disappointing earnings from Alphabet and Tesla sparked renewed skepticism about the sustainability of the AI-driven market rally. The selloff marks a significant reversal for the megacap tech group that has dominated market performance for over three years. Investors are reassessing the durability of the artificial intelligence trade that has underpinned much of the stock market's recent gains.
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Magnificent 7 Loses $767 Billion as AI Skeptics Dump Tech Stocks
The Magnificent Seven technology stocks experienced their largest single-day decline since April 2025, losing $767 billion in value as disappointing earnings from Alphabet and Tesla sparked renewed skepticism about the sustainability of the AI-driven market rally. The selloff marks a significant reversal for the megacap tech group that has dominated market performance for over three years. Investors are reassessing the durability of the artificial intelligence trade that has underpinned much of the stock market's recent gains.
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