This is incredible: The Magnif

2024-07-18

This is incredible:

The Magnificent 7 has erased a combined $1.1 trillion of market cap over the last 5 days, the most since the 2022 bear market.

This marks the 3rd largest drop in market cap on record.

By comparison, the worst 5-day stretch occurred in May 2022 when the group lost a whopping $1.3 trillion.

Over the last 5 days, Nvidia, $NVDA, alone lost ~$418 billion in value and fell below $3 trillion for the 1st time since June 24th.

To put this into perspective, Nvidia has lost nearly DOUBLE the market cap of the entire value of AMD's, $AMD, stock.

Market volatility is back.

Not only are investors taking profits on tech stocks, but they are also rotating into small caps.

This is the first notable shift into small cap stocks in over 2 years.

Is big tech starting to lose its shine?

Pullback Coming! Will You Shop on Sale?

Semi plunge led the market decline. --------------------------- Is this a healthy pullback or just the beginning of correction? Have you taken profit yet? When will you buy tech stocks again?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Will You Shop on Sale?","type":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/detail&rndata={\"themeId\":e6daff887a5b44d7afc05adf8480e154}&rnconfig={\"headerBarHidden\": true}","description":"Semi plunge led the market decline.\n---------------------------\nIs this a healthy pullback or just the beginning of correction? \nHave you taken profit yet? \nWhen will you buy tech stocks again?","image":"https://community-static.tradeup.com/news/d1f316285baa75fd140003f2f894a5bd"}],"images":[{"img":"https://community-static.tradeup.com/news/a48dd85a4ec64d9ed48dbd4189f4c873","width":"1125","height":"683"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/a48dd85a4ec64d9ed48dbd4189f4c873","width":"1125","height":"683"}],"html":"<html><head></head><body>This is incredible:\nThe Magnificent 7 has erased a combined $1.1 trillion of market cap over the last 5 days, the most since the 2022 bear market.\nThis marks the 3rd largest drop in market cap on record.\nBy comparison, the worst 5-day stretch occurred in May 2022 when the group lost a whopping $1.3 trillion.\nOver the last 5 days, Nvidia, $NVDA, alone lost ~$418 billion in value and fell below $3 trillion for the 1st time since June 24th.\nTo put this into perspective, Nvidia has lost nearly DOUBLE the market cap of the entire value of AMD's, $AMD, stock.\nMarket volatility is back.\nNot only are investors taking profits on tech stocks, but they are also rotating into small caps.\nThis is the first notable shift into small cap stocks in over 2 years.\nIs big tech starting to lose its shine?\n<img src=\"https://community-static.tradeup.com/news/a48dd85a4ec64d9ed48dbd4189f4c873\" tg-width=\"1125\" tg-height=\"683\"></body></html>","htmlText":"<html><head></head><body>This is incredible:\nThe Magnificent 7 has erased a combined $1.1 trillion of market cap over the last 5 days, the most since the 2022 bear market.\nThis marks the 3rd largest drop in market cap on record.\nBy comparison, the worst 5-day stretch occurred in May 2022 when the group lost a whopping $1.3 trillion.\nOver the last 5 days, Nvidia, $NVDA, alone lost ~$418 billion in value and fell below $3 trillion for the 1st time since June 24th.\nTo put this into perspective, Nvidia has lost nearly DOUBLE the market cap of the entire value of AMD's, $AMD, stock.\nMarket volatility is back.\nNot only are investors taking profits on tech stocks, but they are also rotating into small caps.\nThis is the first notable shift into small cap stocks in over 2 years.\nIs big tech starting to lose its shine?\n<img src=\"https://community-static.tradeup.com/news/a48dd85a4ec64d9ed48dbd4189f4c873\" tg-width=\"1125\" tg-height=\"683\"></body></html>","text":"This is incredible: The Magnificent 7 has erased a combined $1.1 trillion of market cap over the last 5 days, the most since the 2022 bear market. 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