12 Hrs
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الاقتصادية
G7 members lose 800 billion dollars in one session
The major American technology companies, known as the "Big Seven," suffered market losses totaling $797 billion in a single session, driven by investors pulling back from sweeping spending on artificial intelligence and geopolitical events, particularly the escalation of the war with Iran. The "Big Seven" index declined by 4.8%, marking the largest daily drop since April 2025, leading to a decrease of 1.2% in the S&P 500 and 1.9% in the Nasdaq 100. Losses included companies like Alphabet and Tesla, with Alphabet's stock dropping by 7.1% and Tesla by 15%, while Apple's stock rose by 11% over the month. Raises have increased for demands that, beyond advertising investments, there should be tangible returns from AI spending. Experts believe that rising expenditures coupled with declining returns could threaten the sustainability of growth in the tech sector, especially amid ongoing doubts about the return on massive investments directed toward this industry.
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