We’re Waiting Out the Big Tech Pullback
There are bad days … and then there are bad days. Last Thursday was a decisively bad day for the mega cap Magnificent 7 tech stocks, with the group shedding an astounding $787 billion in market capitalization over the course of a single session. The selloff was sparked by news of surging capital expenditures — with Alphabet (GOOGL) alone on track to spend $200 billion building out its AI capacity in 2026.
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