October 25 witnessed a significant drop in the value of prominent tech companies, erasing more than $280 billion in market capitalization. This substantial decline has reignited concerns regarding a potential tech downturn. The seven leading tech corporations, often recognized as the core driving forces of the SP 500 index, experienced this decline. These companies include Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla. Collectively, they account for one-fourth of the SP 500s total value. Alphabet, the parent entity of Google, experienced a significant hit, with its shares...
source: https://tokenpost.com/Tech-Stocks-Tumble-and-Lose-to-Crypto-Shaving-Billions-as-Economic-Indicators-Point-to-Challenges-10882
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