The Magnificent 7, a group of leading companies, saw their combined market cap decrease by $1.1 trillion over the past five days, the largest drop since the 2022 bear market.
This ranks as the third-largest decline in market cap over a five-day period on record.
The most significant previous decline occurred in May 2022 when these companies lost $1.3 trillion.
Nvidia ($NVDA) alone lost approximately $418 billion in market value over the last five days, falling below a $3 trillion market cap for the first time since June 24th.
To provide context, Nvidia‘s losses in market cap are almost double the entire market value of AMD ($AMD).
Investors are not only capitalizing on gains from tech stocks but also shifting their focus towards small-cap stocks.
This shift represents the first substantial move into small-cap stocks in over two years.
Market Turbulence: Magnificent 7 Lose $1.1 Trillion in Record Drop
I’m Abhishek Sharma, an Advocate based in Delhi, entrepreneur, investor, and founder of BigBreakingWire. I am an enrolled Advocate with a strong interest in entrepreneurship, media, and technology. I founded BigBreakingWire, a digital news platform covering breaking news, business, financial markets, companies, and important developments in India and around the world. I also have a software company and take an active interest in technology, software, AI, digital products, and new business ideas. As an investor, I’m interested in discovering and investing in promising businesses and startups. I look for good ideas, strong founders, practical business models, and opportunities with long-term potential. I enjoy building businesses, learning about new industries, and connecting with people who are working on interesting ideas and opportunities. Advocate | Entrepreneur | Investor | Founder & Editor-in-Chief, BigBreakingWire
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