{
  "id": 17767062,
  "title": "Tech stocks: \"The era of the 'Magnificent Seven' seems to be over\" - $700 billion in stock market value destroyed",
  "url": "https://urgent.news/2026/11/02/tech-aktien-die-ara-der-magnificent-seven-scheint-vorbei-700",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-02T08:02:00.000Z",
  "source": {
    "name": "Handelsblatt",
    "slug": "handelsblatt",
    "url": "https://www.handelsblatt.com/finanzen/anlagestrategie/trends/tech-aktien-ist-die-aera-der-magnificent-seven-vorbei/100266107.html"
  },
  "original_language": "de",
  "account": "US tech stocks continued to decline on Friday, with the Nasdaq 100 index falling 3.5%. The downturn is attributed to major tech companies disappointing investors with their quarterly earnings. Alphabet, Amazon, and Meta have lost nearly $700 billion in market value, with Alphabet's stock plummeting 12% on Thursday, wiping out $482 billion in value. The collective decline of these tech giants, known as the \"Magnificent Seven\", has led analysts to declare the end of their era of uniform growth.",
  "summary": "Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla have long driven the stock market on their own. Now clear winners and losers are emerging.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}