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Benzinga
Benzinga
Business
Piero Cingari

Magnificent Seven Wiped Out Over $1 Trillion This Week: Is The AI Bubble Bursting?

AI Bubble Bursting?

It's been a brutal week for tech stocks, with AI-linked names tumbling across the board despite strong earnings from several industry leaders — a clear sign investors are starting to question whether the artificial intelligence boom has run too far, too fast.

By midday Friday, the Nasdaq 100 – as tracked by the Invesco QQQ Trust (NASDAQ:QQQ) was down nearly 5% for the week — its worst performance since April — as risk-off sentiment swept through Wall Street.

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