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Magnificent 7 Lost $2 Trillion in June — Tech Funds Held by Indian Investors Hit
CNBC·Monday, 6 July 2026
The group of seven giant U.S. tech stocks — Microsoft, Nvidia, Alphabet, Apple, Meta, Tesla, and Amazon — collectively lost around $2 trillion in market value during June and are now in the red for 2026. The article notes this rough June has pushed the group into negative territory for the year. This reverses what had been a strong start to the year for big tech.
Why It Matters
Many Indian investors hold U.S. tech exposure through international mutual funds and Nasdaq ETFs. A $2 trillion wipeout in these stocks directly hurts the value of those investments.
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