What the news says
The Magnificent Seven comprises major technology and AI-related companies whose valuations are closely tied to expectations around AI investment efficiency and returns. A significant market-value decline reflects reassessment of whether current AI spending levels will justify expected returns, which affects investor confidence in the technology sector and broader equity indices that track these stocks.
07/24, 08:00 AM
Concerns about artificial-intelligence spending returns resulted in a $890 billion decline in market value for the Magnificent Seven tech stocks on Thursday.
Concerns about artificial-intelligence spending returns resulted in a $890 billion decline in market value for the Magnificent Seven tech stocks on Thursday.
Affected assets
wsj-markets
07/24, 08:00 AM
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