FAANG stocks displayed at the Nasdaq.
Adam Jeffery | CNBC
So here’s a great trivia query: Of the “FAANG” megacap tech stocks, which has lost the most industry worth more than the previous year?
Amid the earnings-associated bloodbath so far this week, there have been big losses. Alphabet, Microsoft and Meta have currently posted their outcomes, and tumbled in the wake of the reports. Thursday afternoon, Amazon and Apple are on tap.
A staggering $three trillion in combined industry cap has been lost in 1 year. Most of the losses have occurred across six of these stocks, but it really is really hard to leave Apple off the list.
Remarkably, Apple shares have generally been flat – losing a measly $35 billion, by comparison.
It’s also worth realizing that the total losses would have been significantly worse had Netflix shares not rebounded.