SRADI've lost thousands in a few minutes... The plunges came without warning.
Apple, Nvidia And Other 8 Tech Stocks Just Wiped Out $500 Billion As A New Threat Emerges
Tech giants, including Apple and Nvidia, lost over $500 billion in market value on Thursday due to Cisco's weak margin outlook and ongoing memory shortages. Apple's market cap fell by $200 billion, marking its worst single-day drop since Liberation Day. The decline was exacerbated by fears of AI disruption, with Cisco's earnings report revealing lower-than-expected gross margin guidance. Other companies like Tesla, Amazon, and Meta also faced significant losses, as rising input costs and supply chain issues compounded the sector's challenges.
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