#globaltechstocksextendselloff
The Mag7 selloff is cascading into Asia and Europe, Day 2.
The carnage so far:
💥Mag7 lost $797B in market cap on Thursday — the worst single-day selloff in 5 years per Goldman ZeroHedge
💥GOOGL ($GOOG.US ) -7% — raised capex to $195-205B, FCF turned negative
💥TSLA ($TSLA ) -14% — huge EPS miss, margins sliding, FCF negative
💥Asian tech in freefall — Kioxia crashed 54% in a month, Korea's KOSPI tech names under severe pressure SoSoValue
💥China A-shares — over 4,900 stocks down, SSE -1.2%, only defence/grid equipment holding up
The core narrative: AI capex is being repriced.
The market is now sorting winners from losers in the AI trade. Companies writing the checks (Alphabet, Tesla) get punished. Companies cashing them (NVDA, SMCI, Dell) still get paid. But the anxiety is spreading — the question for Meta, Microsoft, Amazon, and Apple reporting next week is clear: "How much is too much?"
Macro headwinds stacking:
💥Brent > $100 + 10Y at 4.71% + Sep hike odds at 82%
💥New tariffs on 60 economies landing
💥Some analysts drawing 1987 parallels — Day 55 from the June 2 top lands on Monday July 27
The dip buyers haven't stepped in yet. This is a sentiment reset, not just a rotation.
Disclaimer: Not financial advice.
$NVDA.US #BitcoinHoldsNear$65400AsMagSevenLose$797B #Nasdaq100FallsInBackToBackWeeklyLoss #BrentCrudeTops$100 #SaudiRoutesOilExportsViaSuez
The Mag7 selloff is cascading into Asia and Europe, Day 2.
The carnage so far:
💥Mag7 lost $797B in market cap on Thursday — the worst single-day selloff in 5 years per Goldman ZeroHedge
💥GOOGL ($GOOG.US ) -7% — raised capex to $195-205B, FCF turned negative
💥TSLA ($TSLA ) -14% — huge EPS miss, margins sliding, FCF negative
💥Asian tech in freefall — Kioxia crashed 54% in a month, Korea's KOSPI tech names under severe pressure SoSoValue
💥China A-shares — over 4,900 stocks down, SSE -1.2%, only defence/grid equipment holding up
The core narrative: AI capex is being repriced.
The market is now sorting winners from losers in the AI trade. Companies writing the checks (Alphabet, Tesla) get punished. Companies cashing them (NVDA, SMCI, Dell) still get paid. But the anxiety is spreading — the question for Meta, Microsoft, Amazon, and Apple reporting next week is clear: "How much is too much?"
Macro headwinds stacking:
💥Brent > $100 + 10Y at 4.71% + Sep hike odds at 82%
💥New tariffs on 60 economies landing
💥Some analysts drawing 1987 parallels — Day 55 from the June 2 top lands on Monday July 27
The dip buyers haven't stepped in yet. This is a sentiment reset, not just a rotation.
Disclaimer: Not financial advice.
$NVDA.US #BitcoinHoldsNear$65400AsMagSevenLose$797B #Nasdaq100FallsInBackToBackWeeklyLoss #BrentCrudeTops$100 #SaudiRoutesOilExportsViaSuez