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Magnificent 7 loses $1 trillion. The most eye-popping stats from Thursday’s tech stock plunge
Investors dumped megacap tech shares as fears over artificial intelligence spending and lofty valuations sent volatility to its highest level since March 2025.
- 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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5 Articles
5 Articles
Mag 7 Lose $1 Trillion in Market Cap
Magnificent Seven stocks shed $1.03 trillion in market cap on Thursday. That's the most value the group—Nvidia, Apple, Tesla, Microsoft, Meta Platforms, Alphabet, and Amazon.com—have lost in a single day on record, according to Dow Jones Market Data. U.S. listed stocks overall
·New York, United States
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Mag 7 Stocks Lose $1 Trillion in Market Value
The Magnificent Seven group of stocks is on course to lose more than $1 trillion of market value as the Nasdaq tumbles into correction territory. Mag 7 stocks are collectively down $1.13 trillion in market cap today, on pace for their largest one-day market cap decline on record—topping a post-Libe
·New York, United States
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Coverage Details
Total News Sources5
Leaning Left0Leaning Right0Center4Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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