Magnificent Seven Stocks Lose $2.5 Trillion in Value as Nasdaq Falls Into Bear Market

Magnificent Seven Stocks Lose $2.5 Trillion in Value as Nasdaq Falls Into Bear Market

The Magnificent Seven tech giants are off to their worst start to a year since 2022, according to The Wall Street Journal. The group collectively lost $2.5 trillion in market value despite a four-day rally, according to Dow Jones Market Data. DeepSeek’s new AI model, Trump’s escalating trade war, and company-specific setbacks have rattled investor confidence. Analysts expect the group’s 2025 profit growth to slow to 16, down from 37 in 2024, while broader S&P 500 companies are projected to see earnings rise 7.8. The tech-heavy Nasdaq Composite is in a bear market, down 20 from its high, and the S&P 500's total return is off 5.7 for the year.


User: Benzinga

Views: 4.8K

Uploaded: 2025-04-28

Duration: 00:45

Your Page Title