WS #12680

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Magnificent 7 lost $767B in market cap as Tesla missed earnings and Alphabet raised capex to $205B, fueling AI spending skepticism; Intel fell 7.9% despite revenue beat. Trump threatens 301 investigation and substantial tariffs on EU over fines on Google, Apple, Meta, Amazon, escalating trade tensions.

Magnificent 7 tech selloff on AI capex concerns

Magnificent 7 lost $767B in market cap as Tesla missed earnings and Alphabet raised capex to $205B, fueling AI spending skepticism; Intel fell 7.9% despite revenue beat.

Trump threatens 301 investigation and substantial tariffs on EU over fines on Google, Apple, Meta, Amazon, escalating trade tensions.

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