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News  ›  Benzinga

Magnificent Seven Wiped Out Over $1 Trillion This Week: Is The AI Bubble Bursting?

Benzinga Logo Benzinga By Piero Cingari
Magnificent Seven Wiped Out Over $1 Trillion This Week: Is The AI Bubble Bursting?

Tech stocks experienced a significant downturn this week, with the Magnificent Seven losing over $1 trillion in market value, raising questions about the sustainability of the AI investment boom.

Insights
SPY   positive

Represents broad market index, recommended by Warren Buffett as best option for most investors to match market performance


NVDA   negative

Lost over $500 billion in market value, with shares down 8% for the week