The seven technology companies known as the Magnificent Seven, which include Alphabet, Amazon, Apple, Facebook Meta, Microsoft, Nvidia, and Tesla, have experienced a decline in their stock market performance. Disappointing earnings have resulted in a loss of nearly $200 billion in market value for these companies. Google's parent company, Alphabet, saw its share price fall by over 9%. However, Microsoft is an exception, as it reported positive results. Despite these setbacks, the tech-heavy Nasdaq 100 Index remains up 31% for the year.

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