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المشهد العربي
Seven Giants stocks drop $2.3T amid investment downturn
The value of the "Magnificent Seven" technology group’s stocks, which includes companies like Nvidia, Meta, and Microsoft, declined by more than 10%, resulting in a market loss exceeding $2.3 trillion due to a rapid shift in investor strategies, as they moved away from companies with heavy spending on AI technologies. This decline represents their worst monthly performance in over a year, with an overall decrease of about 3% in the first half of the year. Conversely, the Philadelphia Semiconductor Index rose by 93%, achieving its best performance since the mid-1990s.
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