Nvidia shares tank as 'Magnificent 7' stocks lose more than $650 billion in market cap

Category: Finance

Nvidia shares dropped over 6% amid a significant market decline affecting the 'Magnificent Seven' stocks, which collectively lost $1.3 trillion in market cap. Alphabet faced antitrust issues, while Apple saw a drop after Berkshire Hathaway reduced its stake. Nvidia's upcoming AI chip delays could impact sales to major clients like Microsoft and Google, contributing to its stock decline.

Keywords: Nvidia, stock market, Magnificent Seven

Source: Yahoo Finance

Update At: 8/6/2024

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