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Big Seven value drops $2.3T in June
The market value of the seven largest companies declined by approximately $2.3 trillion in June, with the "CNBC Big Seven Index" dropping 10% since the start of the month. These companies, especially Amazon, Microsoft, Alphabet, and Meta, are heading towards significant investments in artificial intelligence, including purchasing electronic chips and building data centers, with part of these investments financed through debt. The second-quarter earnings season is expected to reveal the performance results of this expansion, as the market faces waning momentum and cost concerns.
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