US Stocks The 'Big Seven' See Collective Decline, Berkshire Hathaway Adjusts Holdings

TapTechNews August 5th news, the US stocks opened today, and the stock prices of the 'Big Seven' showed a collective decline.

Among them, Apple fell by 9.6%, Microsoft fell by 4.8%, NVIDIA fell by 14.3%, Google fell by 6.5%, Amazon fell by more than 8%, Meta fell by 7.18%, and Tesla fell by more than 10.85%. Through calculation, the total market value of the above 7 technology companies decreased by 1.29 trillion US dollars (TapTechNews note: currently about 9.25 trillion Chinese yuan).

As of the TapTechNews posting, as the market enters a stable stage, the decline in the stock prices of the 'Big Seven' in the US stocks has slowed down. Apple is currently down 4.3%, Microsoft is down 2.3%, NVIDIA is down 6.7%, Google is down 2.3%, Amazon is down 4.5%, Meta is down 3.1%, and Tesla is down 4.7%.

It is worth noting that Berkshire Hathaway, the company owned by the 'Stock God' Warren Buffett, just announced its fiscal second-quarter 2024 earnings on August 3. According to the 10-Q report submitted by Berkshire Hathaway, the company significantly reduced its holding of Apple shares from 789 million shares in the first quarter to about 400 million shares in the second quarter, a decrease of nearly 50%.