Magnificent Seven, mixed results in market capitalization movement in August.
September 3, 2024, 9:20 AM GMT+9 (excerpt).
The super large 7 stocks of the U.S. stock market (Magnificent Seven) had mixed results in market capitalization movement in August.
Alphabet (Google's parent company), Amazon.com, Tesla, and Nvidia all saw a decrease in market capitalization, while Meta saw an increase in corporate value.
The Alphabet market capitalization decreased by 4.7%. Concerns about the sluggishness of advertising sales for YouTube, its subsidiary video posting service, and the company's profitability have increased, as well as the impact of Google's antitrust law violation judgment by a U.S. court and the emergence of new competitors with the development of OpenAI's prototype of a prosecution engine equipped with artificial intelligence (AI).
Alphabet (Google's parent company), Amazon.com, Tesla, and Nvidia all saw a decrease in market capitalization, while Meta saw an increase in corporate value.
The Alphabet market capitalization decreased by 4.7%. Concerns about the sluggishness of advertising sales for YouTube, its subsidiary video posting service, and the company's profitability have increased, as well as the impact of Google's antitrust law violation judgment by a U.S. court and the emergence of new competitors with the development of OpenAI's prototype of a prosecution engine equipped with artificial intelligence (AI).
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