Rose Creek Without a Paddle Fourth quarter earnings season is in full swing, and despite budgets larger than some countries’ GDPs, big tech companies’ financial statements are looking grim. Even after president Donald Trump’s announcement of a $500 billion AI infrastructure deal, the so-called “magnificent seven” (M7) stocks — the Wall Street nickname for Google, Meta, Nvidia, Tesla, Apple, Microsoft, and Amazon — are slumping. Once thought to be airtight, analysts are now warning that it may be time for investors to sell. Tesla and Google both whiffed at earnings expectations, sending their shares into a tailspin — Tesla’s share price has tumbled 15 percent over the past month, while Google’s parent company Alphabet saw its stock valuation drop by 9 percent in a single day. Nvidia, meanwhile — which was previously printing money as the de facto provider of shovels for the AI gold rush — saw almost $600 billion evaporate within hours of DeepSeek’s announcement that it had developed one of the most efficient AI language models we’ve seen, suggesting a future far less dependent on its chips than previously anticipated. And though Apple, Amazon, and Meta slightly exceeded quarterly expectations, they didn’t return the same kind of explosive growth the market has learned to expect, prompting Goldman Sachs strategists to change its tune on big tech’s AI strategy. The disappointment isn’t just internal. Compared to the S&P 500 — of which the behemoths of the M7 make up a third — the tech giants’ stock growth has slowed to a crawl….As Tech Companies Keep Pouring Money Into AI, Signs May Be Pointing to Disaster