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Tech Giants' Market Caps Tumble Amid Disappointing Q2 Earnings and AI Concerns




Global mega tech companies experienced a significant drop in market capitalisation in July due to disappointing Q2 earnings and high valuation concerns. Investors shifted focus away from AI, as investments in AI infrastructure led to increased costs with limited gains. 


Microsoft and Alphabet saw declines in revenue and advertising sales, respectively, causing their market caps to fall. Nvidia and TSMC also faced downturns due to slowing profits. However, Apple bucked the trend with a market cap surge due to optimism around its AI initiative. Despite weak results, Tesla's market cap rose, fueled by growth prospects in its energy business.






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