Ryan Vlastelica

The Magnificent Seven group of megacap technology stocks is on track for its biggest one-day drop since the tariff tantrum in April 2025 as results from Alphabet Inc. and Tesla Inc. are casting doubt on the durability of the artificial intelligence trade that has powered the stock market for more than three years.

The Magnificent Seven group of megacap technology stocks is on track for its biggest one-day drop since the tariff tantrum in April 2025 as results from Alphabet Inc. and Tesla Inc. are casting doubt ...Thank you for visiting Spokesman.com. To continue reading this story and enjoying our local journalism please subscribe or log in...

For years, US technology giants had a tacit agreement with investors: The companies could spend lavishly on artificial intelligence, and the stock market would reward them long as their revenues were rising. That deal is suddenly breaking down.

Add Fortune on Google for similar content. For years, US technology giants had a tacit agreement with investors: The companies could spend

Apple Inc. became just the second company ever to achieve a $5 trillion market valuation.

The Nasdaq 100 Index is on track to enter a correction as worries about the eventual payoffs from artificial intelligence investments sour sentiment in the technology giants that have powered most of this year’s stock-market advance.

Wall Street’s sudden aversion to AI spending has made Apple Inc. this year’s Big Tech stock market star. But the iPhone maker’s earnings after the close Thursday could remind investors of the hurdles it still faces.

The one-way trade in semiconductor stocks that has defined equity markets this year is coming unglued, triggering stomach-churning volatility as

(Bloomberg) -- SpaceX's first earnings report following its blockbuster initial public offering is one of the most anticipated events of the summer on Wall Street.