Tech megacaps lose $770B in value as Nasdaq suffers steepest drop since April
NegativeTechnology
The tech sector faced a significant setback as major companies collectively lost $770 billion in value, marking the Nasdaq's steepest decline since April. This downturn is crucial as it reflects broader market volatility and raises concerns about the stability of tech investments, which have been a driving force in the economy. Investors are now left questioning the sustainability of previous gains and the potential for future growth.
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