Around $2.3 trillion has been wiped off the value of the Magnificent 7 this month as the tech giant's huge infrastructure spending is increasingly scrutinized by investors, who see stronger returns in other parts of the market. The Mag 7 comprises Microsoft , Nvidia , Alphabet , Apple , Meta , Tesla and Amazon . The CNBC Magnificent 7 Index has fallen 10% so far in June. These companies, in particular Amazon, Microsoft, Alphabet and Meta, are collectively spending hundreds of billions of