Suche
Mein Konto
US technology sector: mega stocks in crisis
The “Magnificent Seven” from the US technology sector are recording record losses in stock market value. Find out how NVIDIA stock price decline contributes to this. #Stock market news #MagnificentSeven #NVIDIA stock #Market value loss
US technology sector: mega stocks in crisis
Last week was a time of loss for the US tech sector's Magnificent Seven, with none of its members posting positive performance. Within five trading days, Tesla, Meta Platforms, Amazon, Alphabet, NVIDIA, Apple and Microsoft suffered a notable decline in their market capitalization. In total, these top stocks lost around $950 billion, surpassing their previous negative record set in 2022.
Tesla shares were the biggest loser in percentage terms, falling 14.03 percent. While this led to a $76 billion loss in the Magnificent Seven's market value, the biggest capital destroyer this week was NVIDIA. The AI chip maker's stock fell 13.59 percent, losing nearly $300 billion in market capitalization, resulting in a market value of $1.91 trillion.
On Friday alone, NVIDIA's market value fell by $212 billion, a decline of 10.00 percent. This performance was the worst in recent memory and resulted in a total loss of $300 billion for the week. NVIDIA's share price decline was weighed down by detailed company information, which influenced investor sentiment and led to this drastic loss.