The month of August has proven to be a challenging period for prominent Big Tech stocks. Some of the world's largest and most influential companies have experienced substantial declines in market value, contributing to what could be the toughest month for US stocks in 2023.

Collectively, tech giants Apple, Microsoft, Tesla, and Meta have witnessed a staggering combined reduction of $625 billion in market value throughout this month, as per calculations by Insider. Notably, Apple has taken the lead in market capitalization decline, facing a substantial setback of $314 billion. Following this, Tesla encountered a notable drop of $117 billion, while Microsoft and Meta experienced declines of $114 billion and $80 billion, respectively.

This slump remains as a conspicuous difference to the general exhibition of stocks over time, especially inside the Huge Tech area. Notwithstanding the huge pullback of almost 5% in August, the S&P 500 record, which addresses US shares, has still figured out how to accomplish an essential 14% expansion year-to-date.

This progress has been essentially determined by financial backer energy encompassing the capability of computerized reasoning.

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while 2023 has largely been a favorable year for stocks, the current trials faced by Big Tech stocks during this August serve as a reminder of the volatility inherent in the market