The 'Magnificent Seven' tech stocks see a substantial $280 billion decline in value amid the cryptocurrency surge

Alphabet, the parent company of Google, experienced the most significant drop on that day, plummeting by 9.5%, resulting in a substantial $180 billion loss in market value. The combined losses from the "magnificent seven" tech stocks exceeded $280 billion as a series of earnings reports on October 25 raised concerns about the possibility of an impending tech downturn. KEEP READING