Magnificent 7 Loses $767 Billion as AI Skeptics Dump Tech Stocks

The Magnificent Seven technology stocks lost $767 billion in value during their worst trading day since April 2025, driven by disappointing earnings from Alphabet and Tesla that have undermined investor confidence in the AI narrative. The sell-off reflects growing skepticism about whether the artificial intelligence trade can sustain the market gains it has generated over the past three years. This represents a significant shift in investor sentiment after a prolonged period of tech stock dominance.