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Seven giants lose $797 billion
The article shows that the seven largest tech companies, known as the "Big Seven," lost around $797 billion in market value in one day, marking their biggest decline since April 2025. The drop was driven by investors' concerns over their excessive spending on artificial intelligence. The decline followed the earnings reports of Alphabet and Tesla, which raised worries about the sustainability of the AI-driven boom, despite high capital expenditure forecasts and unclear returns. As a result, the S&P 500 fell by 1.2% and the NASDAQ 100 by 1.9%, with major tech stocks like Tesla, Alphabet, Microsoft, Amazon, and Meta experiencing their worst daily performance in months. Investors are now focusing on the need for clear evidence of return on investment from these massive expenses amid growing economic risks.
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