this post was submitted on 29 Jul 2026
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94
SpaceX and Tesla shed $1.2 trillion in July as Apple keeps the megacaps afloat: Chart of the Day (finance.yahoo.com)
submitted 4 weeks ago by sanitation@lemmy.today to c/technology@lemmy.world
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[–] Buffalox@lemmy.world 26 points 4 weeks ago* (last edited 4 weeks ago)

SpaceX, Tesla, Alphabet, Micron, Nvidia and Amazon all in red for July!?

IDK if the AI bubble is bursting now, but it seems like the hunger for AI heavy stock is cooling off.
I don't think it will be too long before hardware prices return to normal, it could be within a year or two.

[–] speaksintv@lemmy.world 8 points 4 weeks ago (1 children)

Now f’elon seems to be ramping up the boring company as the next round of “ipo my company and use Tesla (and now spacex) to buy its shares.”

[–] FireWire400@lemmy.world 2 points 3 weeks ago* (last edited 3 weeks ago)

You mean the company that literally hasn't done anything apart from selling a novelty flamethrower once?

Edit: I forgot about The Loop... what fantastic thing that was

[–] lyralycan@sh.itjust.works 7 points 4 weeks ago

Megacaps before icecaps era