Greater than $280 billion has been wiped from the “magnificent seven” tech shares following the discharge of a number of earnings reviews on Oct. 25, triggering fears of a looming tech recession.
The so-called “magnificent seven” refers back to the high seven blue-chip tech companies together with Apple (NASDAQ:), Microsoft (NASDAQ:), Meta (NASDAQ:), Amazon (NASDAQ:), Alphabet (NASDAQ:), Nvidia (NASDAQ:), and Tesla (NASDAQ:) — who mix to make up 1 / 4 of the worth of the S&P 500 index.
Proceed Studying on Cointelegraph
