Apple and Nvidia Led Monday's $750 Billion Tech Wreck. How to Play the Aftermath
Trump's policy moves are causing angst. But one analyst says the broader AI thesis is still intact, and he names Tesla and Microsoft among big potential winners.The technology stocks that helped lead the market last year have had a rough go of it in 2025. This was evidenced Monday by Big Tech's historic decline in market capitalization.The "Magnificent Seven" grouping of large technology stocks collectively shed $759 billion in market cap during Monday's rout. That was the group's largest one-day loss of market cap on record, according to Dow Jones Market Data, based on data going back to May 18, 2012, when Meta Platforms Inc. went public.Large tech stocks enjoyed big runs in 2024, led by Nvidia's 171% gain. Now Meta, the second-best performer of the bunch last year, is the only "Magnificent Seven" name that's in positive territory so far this yea