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Big Seven worth drops $2.3T in June
The market value of the "Big Seven" companies declined by $2.3 trillion in June, amid increased investor hesitation to make large-scale investments in these companies' infrastructure, especially in the artificial intelligence and technology sectors. The CNBC Big Seven Index decreased by 10% since the beginning of the month, while stock prices of companies like Microsoft, Nvidia, Apple, and Amazon fell between 8% and 20%. The upcoming second-quarter earnings season in July is expected to test the viability of these investments and whether they will generate tangible returns, as concerns about the costs of massive technological expansion continue.
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