The market capitalization of the U.S. tech "Magnificent Seven" plummeted by nearly $800 billion in a single day, as earnings reports from Alphabet and Teslasparked concerns about AI spending.

Svmuu News: The "Magnificent Seven" of the U.S. tech sector fell across the board on Thursday, with their combined market capitalization plummeting by approximately $797 billion in a single day—marking the largest one-day decline since April 2025. Their market capitalization has now shrunk by a cumulative total of about $2 trillion from the all-time highs reached in late May.Among them, Tesla. fell 15%, and Alphabet fell 7.1%.
Market concerns over Alphabet’s upward revision of its capital expenditure guidance and Tesla’s expanded capital expenditure plans have brought the uncertainty surrounding returns on AI infrastructure investments into sharp focus for investors. Microsoft, Amazon, and Meta are set to report earnings next week, and the market will be closely watching to see whether massive investments in AI can translate into commercial returns. (Jin Shi)