How Europe’s ‘luxury answer’ to US’ ‘Magnificent Seven’ technology companies is staring at $200 billion-plus loss

Europe’s luxury brands, once a powerhouse in the stock market, and seen as the region’s answer to US’ ‘Magnificent Seven’ technology companies are facing increasing challenges. The US’ ‘Magnificent Seven’ technology companies include Apple, Microsoft, Google parent Alphabet, Amazon.com, Nvidia, Meta Platforms and Tesla.