Tech Giants' $3 Trillion Market Value Wipes Out Amid AI Spending Concerns
ByAinvest
Friday, Feb 6, 2026 7:03 am ET1min read
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The "Magnificent Seven" stocks, including Apple, Microsoft, Nvidia, Amazon, Meta, Tesla, and Alphabet, lost nearly $3 trillion in market value as investor worries about escalating AI spending and rising costs led to declines in tech names. The rout followed earnings and guidance that signaled higher capital outlays for AI and data centers, with Microsoft being the worst performer after a Stifel downgrade. Analysts said the concern is that large AI investments may take time to translate into profit, prompting rotation out of mega-cap growth names into more beaten-down sectors.
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