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via finance.yahoo.comMarkets

Alphabet loses $477 billion in a week, its worst ever, as Big Tech sells off

FROM THE WIRE · FINANCE.YAHOO.COM

We just published the list of the 10 Best Tech Stocks for the Next 5 Years and Broadcom (AVGO) ranked 7th on this list. Big Tech just had a week investors will remember. At its low on Friday, Alphabet had lost $477 billion in market value for the week, its worst week ever and…

Read at the source ↗
MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishThe slump of a mega-cap after results weighs on the whole US tech sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Alphabet lost $475 billion in a single session after third-quarter results.
  2. 02Yahoo Finance estimated October losses for Big Tech at about $766 billion.
  3. 03It is the second-biggest monthly loss ever for a US-listed company.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Alphabet Inc.GOOGLStock280.03 USDMarket closedtoday +0.37%Negative Broadcom Inc.AVGOStock332.13 USDMarket closedtoday +3.07%Negative NVIDIA CorporationNVDAStock206.69 USDMarket closedtoday +2.29%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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