Seven US Tech Giants Lose Rs 219 Lakh Crore in June
New York: The combined market value of seven major US-listed companies—Microsoft, Nvidia, Alphabet, Apple, Meta, Tesla, and Amazon—dropped by $2.3 trillion (approximately Rs 219 lakh crore) in June. This decline was driven by significant losses in the share prices of these technology companies. The drop stems from the fact that these firms are investing billions of dollars in infrastructure—such as purchasing chips and establishing data centers—to support their artificial intelligence (AI) services.
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