{"id":841728,"date":"2024-08-06T10:22:38","date_gmt":"2024-08-06T04:52:38","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=841728"},"modified":"2024-08-06T10:32:21","modified_gmt":"2024-08-06T05:02:21","slug":"magnificent-seven-set-to-shed-1-trillion-in-value-led-by-apple-nvidia-2","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/06\/magnificent-seven-set-to-shed-1-trillion-in-value-led-by-apple-nvidia-2\/","title":{"rendered":"Magnificent Seven set to shed $1 trillion in value, led by Apple, Nvidia"},"content":{"rendered":"<p>Apple and Nvidia led a sell-off in technology stocks on Monday as US recession fears and Berkshire Hathaway\u2019s decision to cut its stake in the iPhone maker punctured a months-long rally in the sector.<\/p>\n<p>High-performing shares of Alphabet, Amazon, Meta Platforms, Microsoft, and Tesla fell as much as 12.2 per cent in pre-market trading.<\/p>\n<p>The losses in the Magnificent Seven stocks were set to wipe out nearly $1 trillion from the combined market value of the companies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Apple and Nvidia led a sell-off in technology stocks on Monday as US recession fears and Berkshire Hathaway\u2019s decision to cut its stake in the iPhone maker punctured a months-long rally in the sector. High-performing shares of Alphabet, Amazon, Meta Platforms, Microsoft, and Tesla fell as much as 12.2 per cent in pre-market trading. The losses in the Magnificent Seven stocks were set to wipe out nearly $1 trillion from the combined market value of the companies.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-841728","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/841728","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=841728"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/841728\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=841728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=841728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=841728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}