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Home > TechCheck > Big Tech’s $1 Trillion Wipeout 8/5/24
Podcast: TechCheck
Episode:

Big Tech’s $1 Trillion Wipeout 8/5/24
Category: Technology
Duration: 00:06:25
Publish Date: 2024-08-05 18:24:53
Description:

The extent of the tech sell-off today has been staggering, with billions of dollars wiped out from the Magnificent 7 alone in just the first two hours of trading, and trillions over the last week. Part of the reason is a fundamental story investors have been worried about – just when will the high costs of AI begin to pay off? Valuations have also re-rated since the Nasdaq hit all-time highs just a few weeks ago. 
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