Tech Meltdown: $2.6 Trillion in Market Cap Vanish as ‘Magnificent 7″’ Prices Stumble

A group of seven megacap tech stocks – often referred to as the Magnificent 7 – has lost more than $2.6 trillion in value over the last 20 days, making for an average of $125 billion per day over the period. In total, these stocks lost “triple the value of Brazil’s entire stock market.” That’s […] source: https://www.cryptoglobe.com/latest/2024/07/tech-meltdown-2-6-trillion-in-market-cap-vanish-as-magnificent-7-prices-stumble/