Stocks suffered their steepest one-day drop in more than six months on Thursday as investors grew anxious that the artificial intelligence spending boom may be slowing down. The AI-heavy "Magnificent 7" stocks lost more than $1 trillion in market value as part of the broader market selloff.
The post AI Fears Shake Market as ‘Magnificent 7’ Lose $1 Trillion in Value appeared first on Breitbart.
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Investors have pushed for a valuation of roughly $1.5 trillion to $1.6 trillion – below $2 trillion that has been pegged to the company in recent months.
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