Financial Times reports that the stocks of the so‑called "Magnificent Seven"—the seven largest U.S. technology companies—have collectively shed $2.3 trillion in market value amid a shift of capital away from the tech sector on Wall Street. The decline reflects a broader rotation of investors toward other sectors.
The move underscores the volatility of the tech market and signals a potential rebalancing of portfolios as traders seek opportunities outside the traditional tech giants.