The stock market devastated! apple suffered a loss of $174 billion!
America's seven biggest tech giants, called the 'Magnificent 7', saw a massive drop in the stock market on Monday. These companies suffered a loss of more than $750 billion (about Rs 62 lakh crore) in a single day. These companies are apple, Microsoft, tesla, Nvidia, Google's parent company Alphabet, amazon and Meta.
Loss of more than $750 billion
America's "Magnificent 7" apple, Microsoft, tesla, Nvidia, google (Alphabet), amazon and Meta, which rule the world of technology, fell prey to a massive drop on Monday. The earthquake in the stock market wiped out the value of more than $750 billion from these seven giant companies. The Nasdaq saw its biggest drop since 2022, the main reason for which is being attributed to the new tariffs, which can increase the cost of companies dependent on foreign manufacturing.
apple suffered the biggest setback
monday proved to be a black day for Wall Street, especially for the tech sector. apple suffered the biggest setback and lost $174 billion in market value. At the same time, AI chip maker Nvidia also suffered a big loss, whose value decreased by about $140 billion. The company was at its peak in January, but its valuation has decreased by about one-third in two months.
tesla is in the worst condition
tesla also suffered heavy losses. The company's shares fell 15 percent, which is the biggest decline since 2020. tesla has lost half its value since mid-December. The company lost $130 billion on monday alone.
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