Magnificent 7's $3 Trillion Club Is Vacant As Apple Stock Stumbles
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Apple Inc has fallen below the $3 trillion market cap threshold, leaving the club vacant for the first time in years. Microsoft Corp and Nvidia Corp are also trailing in their attempts to reclaim the title, with valuations of $2.73 trillion and $2.32 trillion, respectively. Apple's stock has declined over 20% year-to-date, impacting the broader market and raising concerns about the mega-cap tech trade's sustainability.
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