Mag 7 value shrinks by $2.3 trillion amid AI spending jitters — but investors are still backing chipmakers
--------------------------------------------------------------------
Source: CNBC
Published: 2026-06-30 20:05 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Transport, Technology & AI, Economy & Finance, Financial Markets, Tax & Budget, Business & Economy, Technology
--------------------------------------------------------------------
Snippet:
Around $2.3 trillion has been wiped off the value of the Magnificent 7 this month as the tech giant's huge infrastructure spending is increasingly scrutinized by investors, who see stronger returns in other parts of the market.
--------------------------------------------------------------------