3 Tech Stocks to Dump After Disappointing Q2 Earnings
ABNBAirbnb(ABNB) Investor Place·2024-08-09 20:00

The trade in technology stocks is getting more difficult. The mega-cap tech names known collectively as the “Magnificent Seven” lost a combined 1trillionofvalueamidtheglobalmarketroutthatoccurredonAugust5.ChipmakerNvidia(NASDAQ:NVDA)lost1 trillion of value amid the global market rout that occurred on August 5. Chipmaker Nvidia (NASDAQ:NVDA) lost 168 billion in market capitalization as its stock fell 6.4%, while Apple (NASDAQ:AAPL) and Amazon (NASDAQ:AMZN) ended down 4.8% and 4.1% respectively on the day. As you can see, market volatility is impacting even the biggest names, helping identify the t ...