Magnificent 7 Wipe Out $797 Billion in Market Value as Oil Hits $100
The Magnificent 7 erased $797 billion in market value as investors reacted to artificial intelligence spending outlooks from Alphabet and Tesla. Every company in the group closed the day down by more than 1%.
The technology selloff weighed on U.S. stock futures and the broader market, compounding losses as oil prices closed in on $100 a barrel.
From the sources (19 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