Tech's Magnificent Seven Stocks Lose $383B in 4 Days on Growth Fears
• Apple, Amazon, Alphabet, Microsoft, Meta, Tesla and Nvidia - the "Magnificent Seven" tech stocks - have fallen for 4 straight days, erasing $383B in market value
• Apple shares are down 4.6% over the period, leading the rout as investors question whether the sector's 2023 rally is sustainable
• The declines come amid doubts over the Fed's ability to orchestrate a soft economic landing, which could limit interest rate cuts
• Apple was recently downgraded by Barclays analysts due to expected iPhone demand softness
• Tesla has also struggled despite strong Q4 delivery numbers, having just lost its spot as top EV seller to China's BYD