WS #12681
Magnificent 7 lost $767B in market cap; Tesla and Alphabet earnings disappointed, with Alphabet raising capex to $205B and Tesla EPS missing estimates, fueling AI spending skepticism. Trump threatens 301 investigation and substantial tariffs on EU over fines on Google, Apple, Meta, Amazon, escalating trade tensions.
Tech selloff deepens on AI capex concerns
Magnificent 7 lost $767B in market cap; Tesla and Alphabet earnings disappointed, with Alphabet raising capex to $205B and Tesla EPS missing estimates, fueling AI spending skepticism.
Trump threatens 301 investigation and substantial tariffs on EU over fines on Google, Apple, Meta, Amazon, escalating trade tensions.