It's been a rough stretch for the Magnificent Seven stocks. The S&P 500 titans, Nvidia, Microsoft, Google-parent Alphabet, Tesla, Apple, Meta Platforms and Amazon.com have collectively lost $1.128 trillion in market capitalization over the past five sessions, the biggest such loss since May 2022.
It's the third-biggest five-day loss for these seven stocks since Meta Platforms came public in May 2012.
Magnificent Seven Market Cap Losses
| Company | Ticker | Decline over past five sessions, in billions |
|---|---|---|
| Nvidia | NVDA | $416.23 |
| Meta Platforms | META | $184.41 |
| Microsoft | MSFT | $168.94 |
| Alphabet | GOOGL | $124.88 |
| Amazon | AMZN | $123.42 |
| Apple | AAPL | $62.87 |
| Tesla | TSLA | $47.07 |
Nvidia Stock
Nvidia stock has lost $416.23 billion in market valuation in the five sessions ended Wednesday, July 17. That's a 12.5% drop in market cap over that time.
On Wednesday, NVDA stock tumbled 6.6% to 117.99, hitting its worst levels since early June, but found support at the 10-week line.
Meta Stock
Meta stock's valuation has tumbled $184.41 billion in the past five sessions, a distant second to Nvidia's loss in dollar terms. But the Facebook and Instagram parent has suffered the biggest percentage loss among the Magnificent Seven stocks, at 13.6%.
Meta stock also has suffered the most technical damage. Shares have plunged below a buy point and then decisively below the 50-day line in the five-session stretch.
Microsoft Stock
Microsoft stock has lost $168.94 billion in market cap, but only 4.9% on a percentage basis.
MSFT stock has fallen below its 21-day moving average and tested its 10-week line on Wednesday, coming off lows.
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S&P 500: Google Stock
Google stock skidded $124.88 billion in the prior five sessions, shedding 5.3% of its market cap. Like Microsoft, Alphabet has fallen below its 21-day line and tested its 10-week moving average.
Google reports earnings on July 23.
Amazon Stock
Amazon stock has tumbled $123.42 billion, or 5.9% in the last five sessions.
On Wednesday, AMZN stock fell below a buy point, just holding its 50-day line.
Magnificent Seven Stocks: Apple
Apple stock has lost only $62.87 billion of its market valuation. That's just 1.8% on a percentage basis. The iPhone giant still has the biggest market valuation of any stock, at $3.51 trillion.
AAPL stock has only retreated to its 10-day line, just below a record high.
Tesla Stock
Tesla stock has only reduced its market cap by $47.07 billion in the past five sessions, but 5.6% on a percentage basis.
TSLA stock has paused at 2024 highs, forging a handle on a consolidation going back to last year.
Tesla reports earnings on July 23.
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