Nasdaq Drops 2% as Tesla and Alphabet Earnings Wipe Out $797 Billion in Magnificent 7 Value
Alphabet and Tesla reported earnings that intensified fears over the scale of artificial-intelligence spending, sending U.S. technology stocks lower and pushing the Nasdaq down more than 2%.
The earnings updates prompted investors to reassess capital expenditures, wiping roughly $797 billion from the valuation of the Magnificent 7. Tech shares declined alongside surging oil prices and geopolitical tensions that lifted Treasury yields and pressured Asian markets to open lower.
From the sources (25 posts)
@bulltheoryio$900 billion has been wiped out from U.S. stocks as the S&P 500 opens -1.1% lower following President Trump’s latest warning to Iran.
@polymarketmoneyJUST IN: S&P 500 opens over 1% lower after President Trump’s latest warning to Iran.
@firstsquawkNASDAQ 100 FALLS ANOTHER 2%, S&P 500 DROPS 1.3%.
@kobeissiletterBREAKING: The Nasdaq 100 extends losses to over -2.5% on the day as the Iran War escalates and technology stocks drop on earnings results. The S&P 500 has now erased -$900 billion in market cap today.
@wsjBreaking: Tech shares are getting hammered as heavy AI spending has investors spooked. The Nasdaq is down 2.5%.
@bulltheoryio🚨 $1.3 TRILLION has been wiped out from US stocks as Trump reportedly considers a massive attack on Iran.
@businessUS stock futures retreated as worries over artificial-intelligence spending weighed on sentiment while oil prices closed in on $100 a barrel
@businessThe Magnificent Seven group of megacap technology stocks is on track for its biggest one-day drop since the tariff tantrum in April 2025
@stockmktnewzThe Magnificent 7 is on pace for its worst day since April 2025 - Bloomberg
@polymarketmoneyJUST IN: The Mag 7 are on track for their worst day since April 2025.
@yahoofinance$IXIC drops over 2% as relentless AI spending rattles investors. ⬇️
@stockmktnewzEvery Magnificent 7 name is down by more than 1.5% so far today 🔴
@negligible_cap*MAGNIFICENT 7 INDEX SINKS 4.8%, ERASING $797 BILLION IN VALUE Yikes
@firstsquawkGLOBAL MARKETS SLID AS U.S.-IRAN ESCALATION PUSHED BRENT ABOVE $100 AND LIFTED TREASURY YIELDS TO YEAR-HIGHS, WHILE AI SPENDING DOUBTS HIT TECH, WITH ALPHABET DOWN 6.9% AND TESLA DOWN 15%, LEAVING THE S&P 500 OFF 1.2% AND THE NASDAQ 100
@stockmktnewzEvery name in the Magnificent 7 just closed the day down by more than 1% 🔴🔴🔴🔴🔴🔴🔴
@wsjmarketsU.S. Stocks Slide as Oil Hits $100, While Tech Selloff Deepens
@yahoofinanceUS stocks were hammered after the latest AI spending outlooks from Alphabet and Tesla spooked investors.
@yahoofinanceThe Magnificent 7 wiped out roughly $797 billion in market valuation today on AI spending fears.
@zerohedge“Our Mag7 basket finished -4.80%, the biggest one-day selloff in the last 5 years” - Goldman
@cnbcTesla, Alphabet lose hundreds of billions in value in post-earnings stock plunge
@yahoofinance$TSLA ended the day down over 14% for its worst day in over two years.
@businessThe bonds of some of the biggest US tech companies slid Thursday amid renewed worries about the scale of the debt-fueled artificial-intelligence boom and escalating conflict in the Middle East
@firstsquawkAsian equities opened weaker, mirroring Wall Street's decline after the Nasdaq came under pressure following Alphabet and Tesla's earnings. Investor sentiment was further weighed down by surging oil prices, higher Treasury yields, and escal
@firstsquawkASIAN STOCKS FELL AFTER A TECH-LED SELLOFF ON WALL STREET, WITH THE MSCI ASIA PACIFIC INDEX DOWN 0.8% FOLLOWING A 1.2% DROP IN THE S&P 500 AND A 1.9% FALL IN THE NASDAQ 100, AS INVESTORS QUESTIONED RETURNS ON MASSIVE AI SPENDING AFTER ALPHA
@firstsquawkU.S. stocks moved lower after technology earnings raised questions over the sustainability of heavy AI investment.