US Tech 'Magnificent Seven' Lose $797 Billion in a Single Day as Concerns Over AI Spending Emerge

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On-chain data shows the U.S. tech “Magnificent Seven” lost $797 billion in market value on Thursday, marking the largest single-day decline since April 2025. The group has now declined approximately $2 trillion from its late-May highs. Tesla dropped 15%, and Alphabet fell 7.1%. On-chain analysis highlights investor concerns over rising AI infrastructure costs and uncertain returns. Microsoft, Amazon, and Meta will report earnings next week, with focus on whether AI spending will generate commercial results.

Odaily Planet Daily report: On Thursday, the U.S. tech "Magnificent Seven" stocks all declined, wiping out approximately $797 billion in market value in a single day—the largest single-day drop since April 2025—and are now down a cumulative $2 trillion from their late-May all-time highs. Tesla fell 15%, while Alphabet dropped 7.1%.

Market concerns have arisen over Alphabet's raised capital expenditure guidance and Tesla's increased capital spending plans, as uncertainty over the return on investment in AI infrastructure becomes a focal point for investors. Microsoft, Amazon, and Meta will release their earnings next week, and the market will further scrutinize whether massive AI investments can translate into commercial returns. (Jinshi)

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