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BREAKING: Tech giants in SHAMBLES as AI bubble BURSTS 📉💥🤯 #SkepticalInvestors #
tech selloff triggers red flags: Magnificent Seven facing losses, skepticism over AI valuations; Nvidia -3% on AI funding doubts, Meta
Shares of major “Magnificent Seven” technology companies were facing steep weekly losses, as skepticism grew over AI valuations and spending levels. Nvidia fell 3% following comments on AI funding, Meta and Microsoft lost 2.5% and 0.5% with massive spending plans. Tesla’s CEO compensation news led to a 3.5% drop, while Intel was up 1%. Alphabet and Amazon were down over 1%, and Apple was up slightly. Chipmakers AMD and Broadcom were also down. [Source link] 📉📈
Dow, S&P 500 and Nasdaq end volatile week lower amid worst tech selloff since April
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