Part 3/8:
On the day of the sell-off, the Magnificent Seven stocks appeared to be drenched in red, with Nvidia experiencing its most significant drop since 2020. Nvidia's shares plummeted by 17%, erasing a staggering $600 billion in market value in just 24 hours, marking the largest single-day loss in U.S. stock market history. Alphabet and Microsoft were not exempt, losing $100 billion and $7 billion, respectively. This cascade of losses was dubbed "Manic Monday," leading to a collective loss of $18 billion for some of the world's wealthiest individuals, including Nvidia CEO Jensen Huang, whose fortune suffered a $20 billion hit.