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Tech Stocks Lose Over $2 Trillion Combined As Goldman Sachs Rebrands The Group The 'Maleficent 7'
Benzinga
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3/15/2025
The Nasdaq has fallen to its lowest level since September as major tech stocks plummet. The Magnificent Seven stocks have lost over $2 trillion in market value, according to CNBC.
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00:00
It's Benzinga bringing Wall Street to Main Street.
00:02
NASDAQ has fallen to its lowest levels since September, as major tech stocks plummet.
00:06
The Magnificent Seven stocks have lost over $2 trillion in market value, according to CNBC.
00:11
Sell-off follows President Trump's tariff threats and mass government layoffs over
00:15
the past three weeks. Apple and NVIDIA both lost 70 percent, while Microsoft lost 9 percent.
00:21
Tesla has lost nearly half its value, possibly due to Elon Musk's central role
00:25
in the Trump administration. Goldman Sachs rebranded the group as the
00:28
Magnificent Seven, setting its lowest valuation premium versus the S&P 500 since 2017.
00:35
For all things money, visit Benzinga.com slash GSTV.
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