The Seven US Tech Giants Caught in a "Spend More, Fall Harder" Trap: Every $1 of AI Spending This Year Has Wiped Out Roughly $6.33 in Market Value

Odaily Planet Daily News: Macro research account The Macro Paper posted on X that, based on data compiled by the firm, the seven US tech giants (Alphabet, Nvidia, Meta, Tesla, Amazon, Microsoft, and Apple) have collectively invested approximately $766 billion this year, corresponding to a combined market value wipeout of roughly $4.85 trillion since their 2026 highs—equivalent to about $6.33 in market value erased for every $1 invested.

Breaking it down: Alphabet invested approximately $200 billion with a market value loss of about $1.62 trillion; Nvidia invested approximately $7.4 billion with a market value loss of about $1.49 trillion; Meta invested approximately $140 billion with a market value loss of about $501 billion; Tesla invested approximately $20 billion with a market value loss of about $475 billion; Amazon invested approximately $220 billion with a market value loss of about $378 billion; Microsoft invested approximately $170 billion with a market value loss of about $197 billion; and Apple invested approximately $9 billion with a market value loss of about $194 billion.

Odaily note: The aforementioned spending figures and the starting point for market value drawdown are as stated by the account itself; an independent third-party comparison has not yet been disclosed.