The Magnificent 7 Big Tech Stocks: A Rollercoaster Ride for Investors

📉Investors in the Magnificent 7 big tech stocks experienced major returns, but short sellers profited from the recent market slide.

💰Short sellers earned record-breaking profits of over $1 billion from their bets against the Magnificent 7 stocks.

📉Shares of Nvidia fell by almost 14%, resulting in short sellers earning more than $3 billion in profit.

📉Shares of Tesla, Microsoft, and Apple also fell, leading short sellers to earn billions in profit.

📊Factors such as weaker iPhone sales and regulatory concerns may have contributed to the decline in stock prices.

What are the Magnificent 7 big tech stocks?

—The Magnificent 7 big tech stocks refer to the leading tech companies in the market, including Nvidia, Tesla, Apple, Microsoft, Meta Platforms, Alphabet, and Microsoft.

How much profit did short sellers earn from the market slide?

—Short sellers earned over $1 billion in profit from their bets against the Magnificent 7 stocks during the recent market slide.

Which stocks were the most profitable for short sellers?

—Nvidia and Tesla were the most profitable targets for short sellers, with short positions in these companies resulting in billions of dollars in profit.

What factors contributed to the decline in stock prices?

—The decline in stock prices can be attributed to factors such as weaker iPhone sales from Apple, poor delivery numbers from Tesla, and regulatory concerns in the tech sector.

Which companies will report their quarterly earnings this week?

—This week, Tesla, Meta Platforms, Alphabet, and Microsoft will report their quarterly earnings.

00:00For most of 2023 and early 2024, investors in the Magnificent 7 big tech stocks reaped major returns.

00:09Last week, traders betting against those companies booked record-breaking gains as the stocks experienced a multi-session slide.

00:17The stock slide resulted in nearly $1 trillion in losses across the Magnificent 7 stocks, benefiting short sellers.

00:24Short sellers earned over $1 billion from their bets against Nvidia and Tesla, which saw significant declines in share prices.

00:39Shares of Nvidia, which had enjoyed a meteoric rise, shed almost 14% last week, resulting in short sellers raking in more than $3 billion in profit.