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Investors Business Daily
Business
ED CARSON

The Magnificent Seven Stocks Suffer Their Worst Market Cap Loss In Two Years

It's been a rough stretch for the Magnificent Seven stocks. The S&P 500 titans, NvidiaMicrosoft, Google-parent AlphabetTesla, Apple, Meta Platforms and Amazon.com have collectively lost $1.128 trillion in market capitalization over the past five sessions, the biggest such loss since May 2022.

It's the third-biggest five-day loss for these seven stocks since Meta Platforms came public in May 2012.

Magnificent Seven Market Cap Losses

Company Ticker Decline over past five sessions, in billions
Nvidia NVDA $416.23
Meta Platforms META $184.41
Microsoft MSFT $168.94
Alphabet GOOGL $124.88
Amazon AMZN $123.42
Apple AAPL $62.87
Tesla TSLA $47.07

Nvidia Stock

Nvidia stock has lost $416.23 billion in market valuation in the five sessions ended Wednesday, July 17. That's a 12.5% drop in market cap over that time.

On Wednesday, NVDA stock tumbled 6.6% to 117.99, hitting its worst levels since early June, but found support at the 10-week line.

Meta Stock

Meta stock's valuation has tumbled $184.41 billion in the past five sessions, a distant second to Nvidia's loss in dollar terms. But the Facebook and Instagram parent has suffered the biggest percentage loss among the Magnificent Seven stocks, at 13.6%.

Meta stock also has suffered the most technical damage. Shares have plunged below a buy point and then decisively below the 50-day line in the five-session stretch.

Microsoft Stock

Microsoft stock has lost $168.94 billion in market cap, but only 4.9% on a percentage basis.

MSFT stock has fallen below its 21-day moving average and tested its 10-week line on Wednesday, coming off lows.

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S&P 500: Google Stock

Google stock skidded $124.88 billion in the prior five sessions, shedding 5.3% of its market cap. Like Microsoft, Alphabet has fallen below its 21-day line and tested its 10-week moving average.

Google reports earnings on July 23.

Amazon Stock

Amazon stock has tumbled $123.42 billion, or 5.9% in the last five sessions.

On Wednesday, AMZN stock fell below a buy point, just holding its 50-day line.

Magnificent Seven Stocks: Apple

Apple stock has lost only $62.87 billion of its market valuation. That's just 1.8% on a percentage basis. The iPhone giant still has the biggest market valuation of any stock, at $3.51 trillion.

AAPL stock has only retreated to its 10-day line, just below a record high.

Tesla Stock

Tesla stock has only reduced its market cap by $47.07 billion in the past five sessions, but 5.6% on a percentage basis.

TSLA stock has paused at 2024 highs, forging a handle on a consolidation going back to last year.

Tesla reports earnings on July 23.

Please follow Ed Carson on Threads at @edcarson1971 and X/Twitter at @IBD_ECarson  for stock market updates and more.

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