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Magnificent 7 Lose $797 Billion as AI Skeptics Dump Tech Stocks

Wall Street is growing increasingly concerned about the hundreds of billions of dollars Big Tech is spending on artificial intelligence just as the resurgence of the war in Iran clouds the global macroeconomic outlook.

Magnificent 7 Lose $797 Billion as AI Skeptics Dump Tech Stocks

Wall Street is growing increasingly concerned about the hundreds of billions of dollars Big Tech is spending on artificial intelligence just as the resurgence of the war in Iran clouds the global macroeconomic outlook.

Geopolitics Bloomberg Jul 23, 2026

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