The Federal Reserve's aggressive tightening has caused tech stocks to sharply fall in 2022.
(read more down until the end for a free giveaway)
It shook up the membership of the trillion dollar market cap club.
The previous member who were dethroned (including their market cap in US dollar)::
1. Amazon - 0.91 trillion
2. Tesla - 0.675 trillion
3. Meta - 0.236 trillion
The four current members of this exclusive club are (including their market cap in US dollar):
1. Apple - 2.21 trillion
2. Aramco - 1.02 trillion
3. Microsoft - 1.60 trillion
4. Alphabet/Google - 1.08 trillion
For the time being, Apple, Microsoft, and Aramco are all well above the $1 trillion mark.
But Alphabet's trajectory could knock it off the list if things don't change soon.
Google has stated that the decline in crypto advertising has had a significant impact on revenue, and ad budgets are continuing to be cut as economic uncertainty persists.
APPLE
Despite being down nearly 20%, Apple has fared better than others.
In fact, Apple is now worth more than Amazon, Meta, and Alphabet put together.
META
Meta is the worst performer in S&P500 this year.
Investors are heavily sceptical of Mark Zuckerberg's bet on the "metaverse" project.
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Top 3 discussed stocks :$Alibaba(BABA)$ $NVIDIA Corp(NVDA)$ $Apple(AAPL)$
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