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Tech giants lost over $1 trillion in value in last three trading days

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OMAHA (NEBRASKA) – APRIL 30, 2019: Apple CEO Tim Cook walks across the convention floor during the Berkshire Hathaway Annual Shareholder’s Meeting on April 30, 2022, Omaha, Nebraska. The COVID-19 pandemic has prevented the annual shareholders meeting from being held for the first time since 2019. (Photo by Scott Olson/Getty Images).

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In just three trading sessions, the world’s top technology companies lost more than $1 trillion.

Large stocks sold since then. Federal Reserve raised its benchmark interest rateOn Wednesday, however technology suffered more than the rest of the economy. The pandemic and strong bull market of recent years has led to investors losing interest in technology. Instead, they are putting more money into safer markets, such as staples like pharma. Campbell Soup, General MillsAnd J.M. Smucker.

Market cap was lost in the three most recent trading sessions.

CNBC

AppleSince Wednesday’s close, $220 Billion has been lost by, which is the most valued public company in the world. That was on the day Fed Chairman Jerome Powell said that inflation was too high and that no plan to raise the rates more than 50 percent.

The comments of Powell initially pushed the markets higher, but they lost their optimism over the next few days. On Thursday stocks fell, then again on Friday they dropped further and finally on Monday. The S&P 500 U.S. stock index fell below the $4,000 mark on Monday, having declined by 7% since Wednesday’s close, while the Invesco Nasdaq 100 ETF is off by nearly 10% during the same period.

Below are other large losses from the three previous trading days.

  • MicrosoftIt has experienced a loss of value around $189 billion
  • Tesla’sAfter seeing its valuation drop below $1 trillion in the past, markdown now stands at $199billion.
  • Amazon’sThe market capitalization declined $173 billion
  • AlphabetGoogle’s umbrella firm, a company called, has a value of $123 billion lower than last week.
  • Make your own graphics cards Nvidia’sThe loss is estimated at $85 billion
  • Facebook Parent Meta PlatformsHas lost $70 Billion in value.

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