Roughly $2.3 trillion has been erased from the combined market value of the so-called Magnificent Seven technology companies in June as investors reassess the scale and timing of returns from artificial intelligence investments across the sector.
The group, comprised by Microsoft, Nvidia, Apple, Alphabet, Amazon, Meta and Tesla, has been under pressure as markets react to rising capital expenditures tied to AI infrastructure, including data centers, advanced chips and cloud computing capacity.
