Magnificent Seven stocks shed $2.3tn in Wall Street tech rotation

Center-Left: <a href="https://www.theguardian.com/australia-news/2026/jun/29/australian-with-retirement-savings-you-probably-own-spacex" rel="noopener nofollow">Australian with retirement savings? You probably own SpaceX — www.theguardian.com
Center-Left: <a href="https://www.theguardian.com/business/2026/jun/29/shares-in-chipmakers-underpinning-ai-boom-surge-in-first-half-of-2026" rel="noopener nofollow">Shares in chipmakers underpinning AI boom rocket in first half of 2026 — www.theguardian.com
Center-Left: <a href="https://www.axios.com/2026/06/29/trump-ai-model-release-delays-tech-backlash" rel="noopener nofollow">The pro-AI movement is splintering — www.axios.com

Source: www.ft.com · Section: business-tech · Bias: Center-Right · Published: Tue, 30 Jun 2026 04:00:18 GMT

Investors switch to soaring chipmakers benefiting from hyperscalers’ vast AI spending