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Needless to say, the tech sector has struggled in 2022 as many issues have arisen over the past 12 months that have made it difficult to build confidence.
Customers who procrastinate on large purchases. Ongoing supply chain issues. Uncertainty over China’s “Zero Covid” policy. Massive staff reductions. Almost every week, another issue came up, Wall Street was in sell mode, and the market was scratching its head.
And never mind everything that happened during the months-long saga of Elon Musk buying Twitter (TWTR) in a deal worth $44 billion.
Numbers don’t lie. And to find out what investors think about tech stocks in 2022, we need to look at all the numbers behind the top 10 market-valued tech companies trading in the US.
And how much have the market caps of these 10 companies decreased over the past year?
Try a total of $4.6 trillion.
Read it again: $4.6 trillion.
The numbers are too big to believe. But this is the combined market cap lost by his 10 biggest tech companies (perhaps $1 billion) in the last 12 months.
The loss is Apple (NASDAQ: AAPL). The iPhone maker started the year as the world’s most valuable company and ended 2022 with that title as well. AAPL) lost about $755 billion in the market by the end of the year as sellers entered, ending 2022 with a market valuation of $2.07 trillion.
Closely behind Apple (AAPL) in total tech stock market capitalization is Microsoft (Nasdaq: MSFTGoogle’s parent company, Alphabet (GOOG), managed to stay in the $1 trillion market capitalization club, just barely, with a valuation of $1.15 trillion. A year-to-date decrease of approximately $787 billion.
Here are the remaining 10 biggest tech companies, based on their year-end market caps and how much money they lost in 2022.
Amazon(NASDAQ: AMZN): The e-commerce/streaming/cloud storage giant ended the year with a market cap of $857 billion, down nearly 50%, with a loss of $856 billion.
Tencent Holdings (OTCPK:TCEHY): The Chinese tech and investment giant ends 2022 with a market capitalization of $405 billion, down $150 billion from the beginning of the year.
Taiwan Semiconductor (TSM): The world’s largest chip foundry’s market valuation fell $193 billion this year to end at $386.3 billion.
Nvidia (NVDA): The Santa Clara, Calif.-based graphics chip maker’s market cap is poised to lose $373 billion in 2022 with a valuation of $364 billion in 2023.
Facebook’s parent meta platform (NASDAQ: Meta) was one of the biggest losers in terms of market cap percentage, with its valuation dropping by almost 60%, or about $450 billion, to a market value of $320 billion by the end of 2022. rice field.
Broadcom (AVGO) fell about $45 billion to end the year with a market cap of $233.7 billion, Alibaba (BABA)
Alibaba (BABA) ended the year with a market valuation of $233.2 billion, down nearly $82 billion.
And as 2022 comes to a close, the next milestone for the tech sector will be its next earnings report, which will start in late January. One of the factors likely to set investor sentiment at Apple (AAPL) is whatever the company says about the issues reportedly impacting the production of various iPhone 14 models.