This is incredible: The Magnificent 7 has erased a combined $1.1 trillion of market cap over the last 5 days, the most since the 2022 bear market.
This marks the 3rd largest drop in market cap on record. By comparison, the worst 5-day stretch occurred in May 2022 when the group lost a whopping $1.3 trillion.
Over the last 5 days, Nvidia,
$NVDA, alone lost ~$418 billion in value and fell below $3 trillion for the 1st time since June 24th.
To put this into perspective, Nvidia has lost nearly DOUBLE the market cap of the entire value of AMD's,
$AMD, stock.
Market volatility is back.
https://x.com/KobeissiLetter/status/1813925984892080248
