Tech Giants Face Market Turmoil Amid AI Investment Scrutiny

Nvidia, Apple, and Microsoft lead losses as investors question AI spending and economic outlook.

The 'Magnificent Seven' tech stocks have collectively lost $600 billion in market value during a recent selloff.
Nvidia has been hit hardest, with its stock down 25% from June highs due to delays in its Blackwell chip system.
Apple's stock fell nearly 5% after Warren Buffett's Berkshire Hathaway cut its stake by almost half.
Investors are cautious, awaiting positive drivers like Nvidia's upcoming earnings report and potential Fed rate cuts.
Despite the downturn, the iShares Expanded Tech Sector ETF remains a diversified option for AI investment.