# Magnificent Seven lose over $1 trillion as AI spending fears drive tech sell-off

> Original title: Magnificent 7 loses $1 trillion. The most eye-popping stats from Thursday's tech stock plunge

- Source: CNBC · Technology
- Published: 2026-11-05T22:21:24.000Z
- Bad Influence: https://badinfluence.news/items/jgn1ssxgqgjmlug09tescj715
- Original: https://www.cnbc.com/2026/11/05/stock-market-selloff-ai-fears.html

## Summary

The 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. The Nasdaq Composite fell more than 5% into correction territory, and the S&P 500 fell more than 4%.