The Magnificent Seven lost $2.3 trillion in market cap in two weeks as investors rotated out of AI mega-caps. Microsoft and Amazon each shed over $350

The Magnificent Seven lost $2.3 trillion in market cap in two weeks as investors rotated out of AI mega-caps. Microsoft and Amazon each shed over $350

It's a significant change in market leadership

Investors are growing jittery about massive AI spending by the Mag 7 and when these companies will produce a return on that investment.