WS #11227
Magnificent Seven lost $2.3 trillion in market cap in June as investors rotate away from AI bets, with Microsoft down 17% (worst month since Dec 2000), Nvidia down 5%, and broad tech weakness. Apple plans five new iPhones through early 2027, including foldable with 10M unit production target, and explores Chinese chip suppliers amid AI-driven memory crunch. Google loses appeal over $4.7B EU Android antitrust fine; Taiwan detains two Super Micro employees in alleged Nvidia AI server export probe; EU waters down low-carbon energy rules for AI.
Tech Selloff and AI Rotation
Magnificent Seven lost $2.3 trillion in market cap in June as investors rotate away from AI bets, with Microsoft down 17% (worst month since Dec 2000), Nvidia down 5%, and broad tech weakness.
Apple plans five new iPhones through early 2027, including foldable with 10M unit production target, and explores Chinese chip suppliers amid AI-driven memory crunch.
Google loses appeal over $4.7B EU Android antitrust fine; Taiwan detains two Super Micro employees in alleged Nvidia AI server export probe; EU waters down low-carbon energy rules for AI.