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   News alert: Mag 7 wipeout
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   $2.3 trillion erased this month.
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              <a data-linktext="AI spending fears have wiped $2.3 trillion off Big Tech's biggest stocks" data-linktype="Normal" style="color:#105C8E;text-decoration:none" target="_blank">
               AI spending fears have wiped $2.3 
trillion off Big Tech's biggest stocks
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              Investor anxiety over runaway AI infrastructure spending has erased $2.3 trillion from the combined market value of the Magnificent Seven this June, with Microsoft hit hardest, down 20% for the month. The group is down more than 13% since peaking in mid-May, as AI-related capital expenditures 
across the industry are on track to top $700 billion in 2026 — a roughly 70% jump from last year. Analysts say Wall Street is struggling to reconcile these companies' new, heavier capital profiles with the low-overhead, cash-generative reputations that originally drew investors.
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              More From The Newsroom
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in her seat while her lawsuit plays out. The court also gave Trump broad power to fire officials at most other independent agencies.
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                  NBCUniversal and Sky will become a standalone public company, leaving Comcast to focus on broadband and cable. The process still needs regulatory approval and could take a year. Comcast shareholders will get stock in both companies.
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                  The companies will each build chip factories in southwestern South Korea despite industry skepticism about the region's distance from established supply networks. Together, they produce about two-thirds of the world's memory chips.
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                  The deal gives Rocket Lab control of Iridium's 66-satellite network and global spectrum licenses, allowing it to 
compete more directly with SpaceX's Starlink. Iridium shareholders will get $54 per share, half in cash and half in stock.
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                    TERMS OF SERVICE
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