Quick Take According to the Kobeissi Letter, the “Magnificent Seven” tech stocks—comprising Apple, Microsoft, NVIDIA, Google, Amazon, Tesla, and Meta—have experienced significant market cap losses over the past 20 days. Collectively, these tech giants have shed $2.6 trillion, or the equivalent of two Bitcoin market caps. Since July 10, NVIDIA has plummeted by 23%, losing […]
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Magnificent 7 market cap drops $2.6 trillion in 20 days, while Bitcoin rises