The "Magnificent Seven" group of tech stocks, which includes Nvidia and Microsoft, have lost $2.6 trillion in total market value over the past 20 days. Economic news site The Kobeissi Letter reported that this loss was equivalent to three times the value of Brazil's entire stock market.
This group, consisting of Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla, had outperformed the rest of the S&P 500 since 2022. However, recent losses attracted attention before the announcement of these companies' quarterly earnings reports. Microsoft announced its fourth quarter earnings report for fiscal 2024 ending June 30. Meta, Apple and Amazon will present their reports on July 31 and August 1, respectively. The performance of these tech giants could influence the future direction of high-risk asset markets, including crypto markets.
Nvidia's Q2 earnings report is due on August 28, but the company has already experienced a 23% stock decline and a loss of $800 billion in market value since July 10.
Although Microsoft delivered a better-than-expected earnings report, its share price fell 3.8% to $422.92. Apple, on the other hand, has lost 9% of its value since July 10 and experienced a decrease of $312 billion in market value. The company's shares closed at $218.80, down 7% from their all-time high.
E-commerce giant Amazon has lost 12% of its value in the last three weeks. The company's share prices fell 1.5% to $180.90. Meta has lost 18% of its market value since July 10 and will report earnings on July 31. Tesla, on the other hand, announced its lowest quarterly profit margin in the last five years on July 23, experiencing a decrease of 9.4% per share; The share price fell to $222.62 on July 30.
PLEASE READ CAREFULLY FOR THE GIFT OF 10 DOLLARS.
My friends, you know that we, the publishers, are doing everything we can for you here. We are informing you about the services and facilities offered to us by our authorities. I have never stopped supporting both the Cryptocurrency market and you as much as I could, and on the contrary, I am trying to provide more support.
THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE SPECIALLY FOR ME BY BINACE. YOU CAN GET CONFIRMATION ABOUT THIS BY CONTACTING LIVE HELP. THIS IS A 10 DOLLAR CAMPAIGN MADE TO YOU THROUGH ME.
Now I will tell you how to receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.
So who will benefit?
Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.
I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.
The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
So let me give you a tactic like this: Even if you open and close 20x with a $5 transaction, you will be entitled to the reward.
However, even if you do this after May 1, your reward will not come. So get it done by May 1st. In fact, right now I say you can fix it in 5 seconds.
Very simple. Go to Futures, enter my reference code 88623008 and activate the account. Afterwards, just open a total of 200 USDT transactions and get 10 USDT reward.
WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
You can help your friends in need by sharing this post.
BY THE WAY, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. DON'T FORGET TO FOLLOW IF YOU HAVE NOT FOLLOWED YET. KIND REGARDS.