There’s no doubt that the tech industry is going through a tough time in 2022. Consumer delays in large purchases, ongoing supply chain issues, mass layoffs, and new issues emerging almost every week have sent Wall Street into sell-off mode. The data behind the 10 largest U.S.-listed tech companies by market capitalization is what one really needs to know to understand what investors think about tech stocks in 2022. Together, these 10 companies have lost $4.6 trillion in market value over the past year.
Apple (AAPL.US), the most valuable company in the world, has lost about $755 billion in market cap and will end 2022 with a market capitalization of $2.07 trillion.
Apple (AAPL) is followed by Microsoft (MSFT.US ) in the total market capitalization of tech stocks, which is currently valued at $1.79 trillion, down $726 billion in 2022. Google parent Alphabet (GOOGL.US ) has managed to stay in the trillion-dollar market cap club but is now valued at just $1.15 trillion, down about $787 billion from early 2022.
Amazon’s (AMZN.US) market value fell nearly 50%, a loss of $856 billion; TSMC’s (TSM.US) market valuation fell by $193 billion to $386.3 billion; Nvidia’s (NVDA.US) market value lost in 2022 Facebook’s parent company Meta Platform (META.US) is one of the companies with the largest market value loss, and its valuation has dropped by nearly 60%, about 450 billion US dollars, The market value by the end of 2022 is US$320 billion; Broadcom (AVGO.US) has lost about US$45 billion in market value, and its current market value is US$233.7 billion.
With 2022 winding down and the tech industry set to start reporting quarterly reports at the end of January, iPhone 14 production issues will set the tone for Apple investors.
