KEY TAKEWAYS
The Roundhill Magnificent Seven ETF suffered its largest daily decline on record on Wednesday.
Investors fled America's tech giants after earnings reports from Tesla and Alphabet raised concerns about the cost of artificial intelligence investments and the sustainability of the Mag Seven's blistering earnings growth.
Still, the group is expected to report that…
KEY TAKEWAYS
U.S. equities sank at midday Wednesday as tech stocks tumbled in the wake of disappointing earnings reports.
Tesla shares plunged after the electric vehicle maker missed earnings estimates as it cut prices to boost sales.
AT&T shares rose after the company posted better-than-expected postpaid phone net additions and free cash flow.
U.S. equities…