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Magnificent Seven Stocks Slip After Mid-May Peak as AI Buildout Saps Cash

Fast-rising AI capital spending is cutting free cash flow, leaving investors to look to July earnings for proof the investments will pay off.

Big Tech Selloff Deepens as Oil Shock and Rate-Hike Odds Hit AI Leaders

OpenAI’s 26-GW Chip Commitments Boost Supplier Outlook, Expose Financing and Power Hurdles