Will 2023 be another rough year for trillion-dollar market cap techs? - Stockxpo - Grow more with Investors, Traders, Analyst and Research

Will 2023 be another rough year for trillion-dollar market cap techs?

So, what's a trillion bucks amongst friends at the end of the year? The solution is clear. A trillion dollars is a significant sum among friends, particularly among investors who began 2022 in good financial shape but had a significant portion of their assets drained away during the turbulent year on the stock market.The same is true for some of the most well-known brands in technology, such as a firm that still has market values of more than $1T but has witnessed a sharp decline in valuation this year. Apple (NASDAQ:AAPL), which became the first business in history to attain a stock-market valuation of $3T in January, is leading the charge. Since Apple (AAPL) was the first publicly listed business to surpass $1T and $2T in stock market valuation, it was accustomed to such enormous sums.However, persistent COVID-related lockdowns in parts of China where iPhones and other Apple (AAPL) products are built, together with inflation levels not seen in forty years, struck the economy hard and bruised investors' psyches throughout the year. As a result, not even Apple (AAPL) was immune to the crisis, and by Wednesday, the company's market valuation had decreased by 28% year over year to “just" $2.16T.The other trillion-dollar market competitors of Apple (AAPL) also succeeded in maintaining their membership, but not without experiencing setbacks of their own. Microsoft (NASDAQ:MSFT), whose market capitalization peaked at $2.5T, was down to $1.82T by Wednesday, a 27% decline from its peak. Alphabet (NASDAQ:GOOG), the parent company of Google, maintained its $1.16T market capitalization despite having dropped from just above $2T earlier in the year.However, Amazon (NASDAQ:AMZN) may wind up serving as the face of Big Tech losses in 2022. Amazon (AMZN) reached its highest valuation this year of $1.76T. And by Wednesday, Amazon (AMZN) had dropped to a $883 billion market value and appeared to be a long way from regaining a capital “T" next to its stock market valuation. There were other Big Tech leaders who suffered setbacks this year besides the corporations with trillion-dollar market caps. And those whose market caps may have approached $1 trillion are now most likely years away from doing so.The market capitalization of Nvidia (NVDA), which peaked at $780 billion this year, fell to $410 billion on Wednesday. Meta Platforms (META), the parent corporation of Facebook, had a market cap of $317 billion in 2022 after losing around 60% of its initial capitalization of approximately $800 billion. If the losses of 2022 have taught us anything, it's that 2023 may only bring more uncertainty and that by the conclusion of the following year, the trillion-dollar valuation group may consist of even fewer members.

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