Apple, Nvidia And Other 8 Tech Stocks Just Wiped Out $500 Billion As A New Threat Emerges
Benzinga
Tech stocks plummeted on Thursday, erasing over $500 billion in market value across 10 major companies. Apple suffered the largest loss at $200 billion after a 5% drop. The selloff was triggered by Cisco's disappointing margin guidance despite beating earnings expectations, revealing concerns about rising hardware costs and memory inflation. Hardware makers like Dell and HP also fell sharply, signaling that supply chain pressures and input cost inflation are now competing with AI disruption as m...
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