The decline in “Magnificent Seven” stocks erased a collective $950 billion from their market capitalizations this week

The chip company’s $212 billion loss of market cap Friday was a new daily record for Nvidia, more than the $129 billion in market value that it lost on March 8, 2024.

It was also the second-worst daily loss of market value for any U.S. company on record.

Nvidia’s market-cap losses this week far exceeded rival AMD’s entire market value.

Apple sported a loss of $178 billion in market cap on the week, while Microsoft was down $169 billion in market value.

MarketWatch 19 April 2024


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