Magnificent Seven lose over $1 trillion as AI spending fears drive tech sell-off
AIThe Magnificent Seven lost more than $1 trillion in aggregate market value on Thursday as fears of a slowdown in AI infrastructure buildout drove a tech stock sell-off. Nvidia led the losses with more than $440 billion in market value and a fall of more than 9%, turning negative for the year at a 2.6% year-to-date decline.
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CNBC · Technology · cnbc.comPublished
Original title: Magnificent 7 loses $1 trillion. The most eye-popping stats from Thursday's tech stock plunge