Today, the Magnificent Seven has lost more than half a trillion dollars in market capitalization

Nvidia shares recorded a record daily loss among all companies in the amount of $278 000 000 000 (-9,5%) — the worst indicator in history.

And all because the top tech giants received subpoenas from the US Department of Justice in connection with the intensifying antitrust investigation in the segment of chips for AI.

The last time we saw such a significant drop in stocks, the total capitalization of the cryptocurrency market adjusted by ≈30% in the period from July 22 to August 5.

Today, the Magnificent Seven has lost more than half a trillion dollars in market capitalization

Nvidia shares recorded a record daily loss among all companies in the amount of $278 000 000 000 (-9,5%) — the worst indicator in history.

And all because the top tech giants received subpoenas from the US Department of Justice in connection with the intensifying antitrust investigation in the segment of chips for AI.

The last time we saw such a significant drop in stocks, the total capitalization of the cryptocurrency market adjusted by ≈30% in the period from July 22 to August 5.