Tech Sell-off, Antitrust Ruling, Economic Concerns

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Tech had a rough day. But don’t call it a dot-com meltdown moment yet | CNN Business

Summary

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75% Informative

A tech sell-off on Monday , spurred by disappointing earnings, dragged down wider markets.

The “Magnificent Seven” tech stocks ultimately lost $615.6 billion in value on Monday .

Investors were also rattled by questions about whether the tens of billions of dollars invested in artificial intelligence will ever lead to revenue increases.

Industry watchers say this moment is just a correction, rather than some downward spiral.

Most analysts believe that a breakup of Google is unlikely.

The company's strength would help it weather the government’s other potential fixes.

“Consumers generally like Google , are comfortable with it, and, even if faced with a choice upon opening a new device, are going to stick with what they know,” Miner said.

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semi-formal

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English

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