Technology Giants Crashed in the Stock Exchange: Trillion Dollar Companies Suffered Record Value Loss in 24 Hours

The technology sector continues to develop rapidly and grow in line with this development. So much so that today, companies such as Aple, NVIDIA, Alphabet (Google’s parent company) and Tesla manage to increase their value not to billions of dollars but to trillion dollars, thanks to the innovations they offer.

In particular, developments in the field of artificial intelligence have recently caused the value of organizations that have been investing in this field for a long time, such as NVIDIA, to increase exponentially. But apparently this rise did not last forever. Technology companies, which have been declining in the stock market for a while, lost record value in 24 hours.

Technology Companies Lost Value at Record Levels in the Stock Exchange

In the last 24 hours, technology companies have lost significant value in the stock market. For example, NVIDIA saw a 11% loss, Apple 10%, Amazon 10%, Tesla 10% and Microsoft 9%. Of course, at first glance, rates such as 10-11 percent may not seem high to you.

However, considering that the value of these companies is several trillion dollars, it is possible to say that even a 10 percent decrease could cause a loss of 250-300 billion dollars. Moreover, since there are several companies on the list, the total loss is again at the trillion dollar level.

To make a simple comparison, the average market value of the largest companies in Turkey is between 10 and 15 billion dollars. Most of them have a total market value of less than $10 billion. The number of startups known as decacorns in our country that have reached a billion-dollar valuation is still less than the fingers of one hand.

If we return to the stock market performance of technology companies, the total value decreases are as follows:

• NVIDIA: -%11
• Tesla: -%10
• Alphabet: -%11
• Microsoft: -%9
• Apple: -%10
• Amazon: -%10
• Meta: -%10

The reason for the decline is not certain yet, but it is seen as “relaxation” in the market. Some developments from time to time cause the value of some companies to rise much more than they should.

For example, NVIDIA’s value is increasing exponentially with the artificial intelligence trend. However, over time, the market returns to normal and this element of excessive appreciation is balanced. Although some experts claim that this is the situation, there is no definitive information for now.