Today, technology companies with a market value of billions of dollars can experience serious losses in their value in some cases. In fact, Elon Musk, who finally took Twitter; Due to the speculations raised during the acquisition process, Tesla, of which he was the CEO, caused a great loss of value.
A new one has been added to such situations recently. In just three days, the market values of companies like Apple and Tesla have bottomed out after the US Federal Reserve raised interest rates by half a point. Here are the companies that lost the most value in this process…
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The companies that lost the most value after the Fed’s interest rate decision
The US Federal Reserve’s (FED) rate hike on Wednesday by half a point caused tech companies to lose more than $1 trillion in value in just three trading sessions. In this context, the name that lost the most value was Apple.
Apple has lost $220 billion in value since Wednesday’s close. Markets rose in the first place after Fed Chairman Jerome Powell’s inflation statements, but officially crashed on Thursday, Friday and Monday. In fact, the S&P 500 US stock index fell by 7 percent in this period, falling below 4,000 as of Monday. Likewise, the Invesco Nasdaq 100 ETF fell 10 percent.
The companies that lost the most value after the FED’s interest rate decision;
- Microsoft – Approximately $189 billion
- Tesla – Recorded at $199 billion.
- Amazon – $173 billion down.
- Google’s parent company, Alphabet – is worth $123 billion less.
- Nvidia – $85 billion.
- Facebook’s parent company Meta – $70 billion
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