Magic disappearing? The "Big Seven" of the US stock market have fallen for four consecutive days, with Apple's market value evaporating over 380 billion US dollars
海角七号
发表于 2024-1-4 12:01:42
235
0
0
With the official opening of 2023, which belongs to the "seven giants" of the US stock market, these technology giants that have been hot in the past year seem to have suddenly lost their "magic" at the end and beginning of the year
According to the Bloomberg Magnificent 7 Price Return Index, the so-called US tech "Big Seven", including Apple, Amazon, Google's parent company Alphabet, Microsoft, Meta, Tesla, and NVIDIA, have fallen continuously in the past four trading days, setting a record for the longest consecutive decline in a month.
Among them, Apple's stock price has cumulatively fallen by 4.6% during this period, and its market value has evaporated by about $383 billion, which is almost equivalent to the total market value of Samsung Electronics.
At the same time, the Nasdaq 100 index, represented by technology stocks, has also experienced a sustained decline in the past four trading days.
Steve Sosnick, Chief Strategist at Interactive Brokers Group, said, "We don't know if last year's uptrend has completely come to an end, but it's entirely normal for the market to experience a pullback after experiencing the (violent) uptrend we've seen. If it weren't for the year-end factors driving the uptrend, I think we would have seen the frenzy gradually come to an end."
Many industry insiders have also pointed out that the decline of the "Big Seven" in the US stock market at the turn of the New Year may be a signal that investors have reasonable doubts about the sustainability of the 2023 rally. Although this tech giant group surged over 100% last year driven by the AI frenzy, the upward trend in the second half of 2023 has cooled as investors are considering whether the Federal Reserve has the ability to achieve a soft landing in the US economy, which is likely to mean that the Fed's interest rate cuts will be less than the current market expectations.
Sosnick believes that regardless of whether the US economy can achieve a soft landing in the future, the "Big Seven" may not taste the sweetness. "If there is a worse situation than a soft landing, the Big Seven is unlikely to achieve high single or double-digit profit growth. In the case of a soft landing, the Federal Reserve is also unlikely to achieve six rate cuts in the end."
New Year's Waterloo
It is worth mentioning that some members of the aforementioned "Big Seven" in the US stock market also felt the pressure they were facing at the beginning of this year.
Apple's stock price was hit by market bearish pressure this week - Barclays analysts downgraded the stock rating of this tech giant to underweight earlier this week, stating that they anticipate weak demand for iPhones in the future.
Tesla has also fallen 8.8% in the past four trading days, setting a record for the longest consecutive decline in over four weeks. Although Tesla reported on Tuesday that the number of electric vehicles delivered in the fourth quarter exceeded analyst expectations, the company's position as the top seller of pure electric vehicles has been replaced by BYD.
Of course, it is still too early to say that the rise of technology stocks has come to an end. Most of the gains made by these tech giants in 2023 have only recouped the decline of a year ago, with some companies such as Amazon, Google, Meta, and Tesla still having their stock prices below historical highs, indicating that they may still have some room for growth.
However, these tech giants may still have more work to do to maintain their strength in 2024. Sosnick believes that these tech giants not only need to continue showcasing their reliable cutting-edge technologies to the outside world, but also need to continue providing guarantees that can achieve stable profits.
He said, "In December, everyone had already placed an order, and now we must see if the steak is delicious."
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- AstraZeneca's market value has surpassed £ 200 billion for the first time! The bold bet on anti-cancer drugs is yielding results
- Indian IT giant Infosys expands cooperation with Nvidia
- Hot pot giant's sluggish performance and busy "self rescue": Haidilao bets on new product categories, Xiabu Xiabu seizes old customers
- Suddenly! The US stock market has fallen sharply! The data warning of chip giants flocking together and diving
- Lithography machine giant, urgent statement
- The iPhone 16 will ignite a wave of phone swapping! Wedbush: Apple's market value is expected to reach $4 trillion next year
- Jia Yueting talks about iPhone 16 launch event: Apple is becoming mediocre, leaving Steve Jobs more and more like a soulless giant! Luo Yonghao: Zero Innovation
- Too sudden! Giants apply for bankruptcy protection, with stock prices plummeting by over 70% this year and a maximum debt of 71 billion yuan
- soar! The market value of "Seven sisters" has soared by 7 trillion yuan! AI chip giant gains over 22% this week, surpassing Tesla in market value
-
每经AI快讯,据亿航智能官微消息,公司EH216-S无人驾驶电动垂直起降航空器(eVTOL)获得巴西国家民航局颁发的试验飞行许可证书,并计划在巴西进行测试和试飞。关于EH216-S无人驾驶eVTOL在巴西的认证,中国民航局 ...
- 潇湘才子
- 昨天 08:41
- 支持
- 反对
- 回复
- 收藏
-
今年7月,美国三大海外“债主”所持美国国债齐刷刷缩水,其中日本美债持仓已降至去年10月以来最低。 根据美国财政部当地时间9月18日公布的国际资本流动报告(TIC),2024年7月,美国前三大海外“债主”日本 ...
- 520hacker
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
上证报中国证券网讯(记者俞立严)9月19日,蔚来全新品牌乐道的首款车型——乐道L60正式上市。新车定位家庭智能电动SUV,在采用BaaS电池租用服务后,L60的售价可低至14.99万元,电池租用月费最低为599元。乐道L6 ...
- anhao007
- 前天 11:03
- 支持
- 反对
- 回复
- 收藏
-
每经记者袁园 日前,国务院印发的《关于加强监管防范风险推动保险业高质量发展的若干意见》提出,以新能源汽车商业保险为重点,深化车险综合改革。 “车险综改”从2015年就已经开始逐步推进了,经过 ...
- moshulong
- 前天 21:50
- 支持
- 反对
- 回复
- 收藏