Since the Federal Reserve hiked its benchmark interest rate on Wednesday, the world's leading technology businesses have lost more than $1 trillion in value in only three trading days, with equities generally dropping sharply.

Apple, the world's most valuable business, has lost approximately $220 billion in value since trading ended on Wednesday, the day Federal Reserve Chairman Jerome Powell said that inflation was too high and that no plans to raise interest rates by more than half a percentage point were in the works.

Markets initially rose in response to Powell's remarks, but this euphoria dissipated over time. Stocks plummeted on Thursday, then fell again on Friday, and are now much worse. The S&P 500 index in the United States has dropped below 4,000 points, down 7% from the close. The Nasdaq is down nearly 10% in the same time frame as of Wednesday.

The following are the other significant losses over the last three trading days:

Microsoft's stock dropped by $189 billion.


After months of witnessing its value fall below $1 trillion, Tesla lost $199 billion.

The value of Amazon has dropped by $173 billion.

Alpha Bit, Google's parent corporation, is worth $123 billion less than it was last week.

Nvidia, a chipmaker, has lost $85 billion.

Facebook's parent company, Meta, has lost $70 billion in value.

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