Magnificent Seven Tech Stocks Lose $1 Trillion; Nvidia Down $325B, Apple Down $300B, S&P 500 Down 4.6%

In a significant downturn, the 'Magnificent Seven' tech stocks are set to lose over $1 trillion in value during premarket trading. Key players include Nvidia, which is down $325 billion, and Apple, which has lost $300 billion.

Other notable declines include Google down $200 billion, Amazon down $135 billion, Microsoft down $125 billion, Meta down $80 billion, and Tesla down $60 billion. The S&P 500 and Nasdaq 100 are also experiencing substantial declines, with the S&P 500 down 4.6% and the Nasdaq 100 down 6.3%.

The overall market sentiment is reflected in the VIX, which has surged by 179%, indicating increased volatility. This marks one of the worst days for these tech giants since 2020, with many stocks seeing double-digit percentage drops in premarket trading.

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