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المشهد العربي
Seven Greats shares fall on US market
The stocks of the major U.S. technology companies, known as the "Big Seven," experienced a significant decline by the end of the session due to investors' concern over the sustainability of their massive spending on artificial intelligence. The Roundhill Magnificent Seven Fund, which tracks the performance of these companies, fell by 4.63% to close at $63.23. Meanwhile, Tesla shares faced their largest daily drop since March 2025, losing approximately $200 billion in market value. Additionally, Alphabet, Google's parent company, lost around $300 billion in market capitalization, reflecting a broad decline in the value of major tech firms driven by financial worries related to AI spending.
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