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Topic: magnificent-seven

A large data center complex
Markets
Thursday, 7/2, 03:44 PM

Tech Giants Slide as Investors Question the AI Spending Boom

  • The Magnificent Seven lost about $2.3 trillion in market value in June, their worst month on record, and the selling spread to Asian chipmakers this week.
  • The fear is the same everywhere: that the tech giants are spending hundreds of billions on artificial intelligence faster than it can pay off.

In brief

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