The biggest tech stocks have lost $3 trillion in market cap over the last year

2 years ago 66

FAANG stocks displayed astatine the Nasdaq.

Adam Jeffery | CNBC

So here's a bully trivia question: Of the "FAANG" megacap tech stocks, which has mislaid the astir marketplace worth implicit the past year? 

Amid the earnings-related bloodbath truthful acold this week, determination person been immense losses. Alphabet, Microsoft and Meta person already posted their results, and tumbled successful the aftermath of the reports. Thursday afternoon, Amazon and Apple are connected tap.

A staggering $3 trillion successful combined marketplace headdress has been mislaid successful 1 year. Most of the losses person occurred crossed six of these stocks, but it's hard to permission Apple disconnected the list.

Remarkably, Apple shares person fundamentally been level – losing a measly $35 billion, by comparison.

It's besides worthy realizing that the full losses would person been overmuch worse had Netflix shares not rebounded.

Read Entire Article