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المشهد العربي
Seven Greats stocks fall amid AI worries
The shares of the "Magnificent Seven" major U.S. technology companies declined due to mixed earnings results, raising concerns about the sustainability of the AI boom. Investors are worried about the high capital expenditure on new technologies, which has not yet shown a tangible impact on revenues and profits. Meta's stock experienced the largest drop of 6.51%, while Tesla, Amazon, Nvidia, Alphabet, and Microsoft saw declines ranging between 1.26% and 4%. This happened alongside rising oil prices and renewed geopolitical tensions in the Middle East.
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