Magnificent Seven Market Cap Drops $1.1T, Google Secures 3.5GW TPU Deal
The Magnificent Seven’s combined market capitalization has dropped to $19.54 trillion after a $1.1 trillion YTD loss, while planned AI capital expenditures jump to $680 billion, a 70% increase from 2025. Google also struck a deal enabling Anthropic to secure 3.5 gigawatts of its TPU capacity via Broadcom, as Google reported $30 billion in quarterly revenue.
1. Magnificent Seven Market Downturn
The Magnificent Seven stocks, including Google, have collectively lost $1.1 trillion in market capitalization this year, dropping the group’s combined value to $19.54 trillion. Investor concern over hefty AI spending has driven planned capital expenditures to $680 billion in 2026, a 70% rise from last year.
2. Anthropic TPU Capacity Deal and Revenue
Google finalized a Broadcom-facilitated agreement allowing Anthropic to secure 3.5 gigawatts of its TPU capacity, underscoring rising demand for AI infrastructure. The company posted $30 billion in revenue for the quarter, reflecting steady top-line growth as AI investment dynamics evolve.