This article is relevant.
---
๐ Market Turmoil: Tech Giants Take a Hit! ๐
Nvidia, Google, and Meta faced a rough patch as the stock market tumbled. Nvidia's shares dropped by 6%, with the "Magnificent Seven" losing around $620B in market cap. Delays in Nvidiaโs next-gen AI chips added to the woes.
๐ Broader Market Impact ๐
Apple also saw a dip after Berkshire Hathaway cut its stake. Nasdaq, S&P 500, and Dow Jones all experienced declines, with volatility spiking. Japan's surprise rate hike added fuel to the fire.
๐ Fed's Role & Future Outlook ๐
Speculation about aggressive Fed rate cuts is rising. Despite the chaos, some analysts see this as a market correction rather than a collapse. Stay tuned!