Tech Giants Lose $2 Trillion in Market Value Amid SpaceX IPO Month
Tech giants experienced a collective loss of $2 trillion in market value during the month of SpaceX's IPO, with analysts citing unsustainable valuations. This decline contributed to investors losing N13.3 trillion in the stock market in June due to profit-taking.
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Tech giants lose $2 trillion in SpaceX’s IPO month: ‘The valuations were unsustainable’
The enormous sums committed to developing artificial intelligence are making investors nervous
By Miguel Moreno Mendieta
Read full article →Stock market: Investors lose N13.3trn in June amid profit-taking
•FTSE Russell delays Nigeria’s Frontier Market status over T+1 concerns By Peter Egwuatu The Nigerian stock market ended June on a bearish note, with investors losing a whopping N13.3 trillion in the value of their investments listed on the Nigerian Exchange Limited (NGX) on a month-on-month (MoM) basis, the highest monthly loss recorded in the first […] The post Stock market: Investors lose N13.3trn in June amid profit-taking appeared first on Vanguard News.
By Urowayino Jeremiah
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