Magnificent Seven Sheds $2 Trillion in June as AI IPO Wave Spooks Markets
Microsoft, Amazon, Apple, Alphabet, Nvidia, Tesla and Meta have collectively lost about $2 trillion in market value in June, more than two-thirds of the S&P 500's total loss, on fears the SpaceX, Anthropic and OpenAI listings will pull capital from incumbents. Goldman Sachs argues the selloff is overdone given ~$8 trillion parked in money-market funds.
Microsoft, Amazon, Apple, Alphabet, Nvidia, Tesla and Meta have collectively lost about $2 trillion in market value in June, more than two-thirds of the S&P 500's total loss, on fears the SpaceX, Anthropic and OpenAI listings will pull capital from incumbents. Goldman Sachs argues the selloff is overdone given ~$8 trillion parked in money-market funds.
Source: Yahoo Finance · 2026-06-12 · https://finance.yahoo.com/markets/article/why-the-spacex-openai-and-anthropic-ipos-wont-derail-the-bull-market-112903023.html
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