Tech Stock Weekly Recap: Across-the-board plunge! Tesla, Nvidia plummeted 14% in a week!
Last week, among the seven giants of the US stock market, Tesla and Nvidia both plummeted by 14%, while Apple and Amazon dropped by over 6%, and Meta fell by 6%. In the Hong Kong stock market, Kuaishou suffered the most severe decline, plummeting by 10% during the week; Alibaba and Meituan dropped by nearly 7%, NetEase and Baidu fell by over 5%, JD.com dropped by 5%, Xiaomi fell by over 4%, and Tencent dropped by nearly 2%
Last week, tech giants in both the Hong Kong and US stock markets experienced across-the-board declines, with Google surpassing Nvidia in market value.
Among the leading tech companies listed on the Hong Kong Stock Exchange, the biggest loser was Kuaishou, plummeting by 10% during the week; Alibaba and Meituan fell by nearly 7%, NetEase and Baidu dropped by over 5%, JD.com fell by 5%, Xiaomi dropped by over 4%, and Tencent fell by nearly 2%.
Among the seven tech giants in the US stock market, Tesla and Nvidia both saw a significant decline of 14%, while Apple and Amazon dropped by over 6%, Meta fell by 6%, Microsoft dropped by over 5%, and Google fell by over 2%
