US Federal ReserveThe effects of the interest rate increase continue. Investors transfer their money to assets they see as less risky. stocks of technology companies continues to lose value. bitcoin and other cryptocurrencies has been adversely affected by this situation.
Among the companies that lost the most value apple is coming. Apple shares only on Wednesday 5 percent rate decreased. Total value $2.37 trillion The company that has fallen so low is no longer the most valuable company in the world.
Big shock to Apple and Tesla: Market values officially melted in three days!
The values of companies like Apple and Tesla plunged as the Fed increased interest rates. Here are the companies that lost the most value in this process…
Apple lost its throne to the oil giant!
With the decline of Apple, the oil and natural gas producer is now the most valuable company in the world. Saudi Aramco is located. Market value of Aramco, which regained its position as the most valuable company after nearly two years $2.42 trillion is stated as.
Saudi Aramco or by its official name Saudi Arabian Oil Companystands out as the national oil and gas company of Saudi Arabia. oil prices While it continued to break records, the shares of the Arab company also gained significant value.
Shares of Aramco, which took the first place again after 2020, this year crude oil and natural gas prices continued to rise. Apple’s shares have been around since the beginning of the year. 20 percent losing value, Aramco continued to be valued in this process.
In the whole world inflation crisis As central banks around the world continue to address this problem, interest responded by raising rates. In this situation of slowing economic growth It has pushed fearful investors away from risky investments.
So what do you think about Apple’s depreciation and Aramco’s rise? Give your feedback in the comments section or SDN ForumYou can share it with us.