FAANG shares exhibited at the Nasdaq.
Adam Jeffery | CNBC
So this is a superior trivia dilemma: Of the “FAANG” megacap tech shares, which has lost the most current market worth about the past calendar year?
Amid the earnings-associated bloodbath so far this week, there have been massive losses. Alphabet, Microsoft and Meta have presently posted their final results, and tumbled in the wake of the experiences. Thursday afternoon, Amazon and Apple are on tap.
A staggering $3 trillion in merged sector cap has been dropped in one particular year. Most of the losses have happened across six of these stocks, but it’s tricky to depart Apple off the list.
Remarkably, Apple shares have fundamentally been flat – dropping a measly $35 billion, by comparison.
It’s also well worth knowing that the whole losses would have been significantly worse had Netflix shares not rebounded.