Magnificent Seven set to shed $1 trillion in value, led by Apple, Nvidia

Apple and Nvidia spearheaded a tech stock sell-off due to U.S. recession fears and Berkshire Hathaway cutting its Apple holding. The 'Magnificent Seven' stocks, including Alphabet, Amazon, Meta, Microsoft, and Tesla, experienced notable declines. Nvidia faced additional pressures from a potential AI chip launch delay affecting major customers like Meta, Google, and Microsoft.