Apple loses $174 billion in one day; as America’s seven biggest technology companies lost $750 billion on Manic Monday: How much Microsoft, Google, Nvidia and others lost

Apple, Microsoft, Tesla, Nvidia, Google-parent Alphabet, Amazon and Meta make America’s Magnificent Seven. These seven biggest American technology companies are recognized for his or her market dominance, technological impression, and affect on shopper habits and financial tendencies. In Monday’s inventory market carnage, these seven most respected tech companies lost greater than $750 billion in market worth. Nasdaq suffered its steepest drop since 2022, as analysts level to issues over new tariffs, which might increase costs for companies reliant on abroad components and manufacturing.

Apple lost a staggering $174 billion

In the brutal day for Wall Street, megacap tech companies noticed their market values plummet, with Apple main the cost by shedding an enormous $174 billion. Nvidia, the frontrunner in AI chipmaking, wasn’t far behind, shedding practically $140 billion as its shares closed down 5%. The firm’s worth has shrunk by nearly a 3rd in simply two months since reaching a brand new peak in January.

Tesla lost most in proportion phrases, inventory fell by 15%

Tesla skilled the steepest proportion drop, with shares of the electrical automobile producer tumbling 15% -— their worst efficiency since 2020. The firm has now lost over half its worth since mid-December and is coming off its longest weekly shedding streak as a public firm. Monday’s losses alone amounted to $130 billion.
Other tech heavyweights additionally took successful. Microsoft and Google father or mother Alphabet noticed their market caps shrink by $98 billion and $95 billion, respectively, whereas Amazon and Meta lost $50 billion and $70 billion. Alphabet and Meta every dropped greater than 4%, with Microsoft and Amazon declining at the least 2%. The Technology Select Sector SPDR Fund fell over 4%, formally getting into correction territory with shares greater than 14% beneath their excessive.

ASML, Micron and different semiconductor shares too hit

Semiconductor makers, a key goal of the brand new levies, had been hit laborious. The VanEck Semiconductor ETF has dropped 3% in the previous week and is down over 16% for the reason that inauguration, with an extra 5% decline on Monday. Marvell Technology shed 8%, ASML Holding and Micron Technology every slumped greater than 6%, and Broadcom fell 5%. Last week, the president introduced a $100 billion funding from Taiwan Semiconductor Manufacturing, calling it the “most powerful” firm in the world as he pushes to bolster U.S. manufacturing.