Magnificent 7 loses $1 trillion. The most eye-popping stats from Thursday’s tech stock plunge
The sell-off erased more than $1 trillion from the Magnificent Seven as investors worried about slower artificial intelligence spending, analysts said.
- The Magnificent Seven tech companies lost more than $1 trillion in market value on Thursday, pushing the Nasdaq Composite into correction territory and triggering a broad market decline.
- Following the recent Democratic election sweep, investor fears regarding the tech buildout intensified as concerns emerged about potential regulations affecting data centre expansion and long-term AI growth projections.
- Nvidia Corp. shares dropped more than 9%, contributing to the Magnificent Seven's record $1.13 trillion loss. On the New York Stock Exchange, declining stocks outpaced advancing stocks nearly 6 to 1.
- Industrials fell 4.12%, marking their worst day since April 2025, while the rout spread internationally as Canada's TSX Composite index declined 2 per cent.
- Ed Yardeni, president and chief investment strategist at Yardeni Research, said "we may be entering an AI Goldilocks zone." Markets historically recover quickly from political shifts, as demonstrated by the 2025 Liberation Day sell-off.
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The Stock Market Just Suffered a $2.5 Trillion Drop. Panic-Cutting Marketing Budgets Would Still Be a Fatal Mistake
When markets drop, the first budget most businesses cut is the one that actually grows them. That reflex is exactly how your competitors beat you.
A historic sell-off wave swept through U.S. stock markets on Thursday, and the plunge in AI stocks caused unprecedented asset losses. The combined market value of S&P 500 companies fell by about $2,900 billion in a single day, something that had never been seen before. Panic sentiment also reached Asia by Friday morning: the Japanese stock market was down more than 6 percent and South Korea's Kospi was down more than 8 percent, with the latter a…
The post-election rally in stock markets was replaced yesterday by the strongest sell-off since April 2025, when Trump launched a tariff war.
Global markets are facing deepening selling pressure on technology stocks following the US midterm congressional elections. Concerns that Democrats will restrict AI investment have wiped $4 trillion from world stock markets. All eyes are on today's US non-farm payrolls data and the Fed's interest rate decisions.
Investors fear that the Democrats' midterm election success could slow the development of the infrastructure needed to develop artificial intelligence. The seven largest US tech companies lost $1 trillion in value in a single day.
Big Tech loses a trillion dollars in a day after the Democratic win
Shares in major technology companies plunged on Wall Street on Thursday and in Asian markets on Friday, in a sell-off that wiped hundreds of billions of dollars of market value, on fears that the Democratic victory in the US midterm elections will slow the expansion of data centres and artificial intelligence. The so-called magnificent seven, including Apple, Nvidia and Tesla, together lost a trillion dollars in a single session, according to the BBC.
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