In August, influenced by multiple negative factors, the US stock market experienced a correction. Among the "Seven Tech Giants", except for Meta, the stock prices of other giants have suffered a sharp decline.
Specifically, although the US stock market has only been trading for the past three days as of August 5th local time, Nvidia has fallen 14.16% and its market value has evaporated by $407.6 billion; Amazon has experienced a cumulative decline of 13.88%, with a market value evaporation of $272.5 billion; Apple's cumulative decline is 5.77%, with a market value evaporation of $194.8 billion; Microsoft's cumulative decline is 5.55%, with a market value evaporation of 172.4 billion US dollars; Google has fallen 7.22% cumulatively, with a market value evaporation of $151.3 billion; Tesla has experienced a cumulative decline of 14.30%, resulting in a loss of $106 billion in market value.
It is worth mentioning that the six giants mentioned above also occupied the top six positions on the August market value evaporation list of the US stock market, with a total evaporated market value of $1.3 trillion (about 9.3 trillion yuan).
Meta became the only "survivor" among the seven giants, with a cumulative increase of 0.19% in the month and a slight increase in market value of 2.277 billion US dollars. However, the rise of Meta was mainly on August 1st. Due to the unexpected financial report, Meta's stock price surged by 4.82% on that day. However, the subsequent two trading days saw continuous adjustments, which have basically erased the gains.
Analysis suggests that the decline of US tech giants is mainly influenced by some negative factors, including unexpectedly weak employment data in the US, lower than expected performance of some companies, seasonal market headwinds, and the impact of closing yen carry trades.
In addition, Apple's stock price has been significantly affected by the reduction of holdings by the "stock god" Buffett. Berkshire Hathaway, owned by Warren Buffett, recently disclosed that the company sold a significant amount of Apple shares in the second quarter, reducing its holdings from 789 million shares in the first quarter to about 400 million shares, a decrease of 49.3%.