Tech Titans Tumble: The 'Magnificent 7' Mega-Cap Stocks Have Lost $1.2 Trillion Since July

The "Magnificent 7" mega-cap tech stocks have lost $1.2 trillion in market value since the S&P 500 peaked in late July.

Apple, Microsoft, Amazon, Meta, Alphabet, Nvidia, and Tesla make up the "Magnificent 7".

Fears over higher interest rates and bond yields amid Fed rate hikes have fueled the massive sell-off.

Apple alone has seen its market cap plunge by nearly $500 billion over the past 3 months.

The stocks soared in the first half of 2022 but have struggled since the summer amid economic uncertainty.