The beginning of 2026 was not as investors had expected. The group that led the financial markets for years and was dubbed the Big Seven — Apple, Microsoft, Nvidia, Amazon, Alphabet (Google), Meta and Tesla — ended the first quarter with huge losses exceeding $3 trillion of their combined market value, in a scene that Wall Street had not witnessed for many years.

The numbers speak for themselves.

The G7 group of major stocks has lost about 24 percent since the beginning of the year, contributing significantly to the pressure on the tech-heavy Nasdaq index, which has fallen by about 6 percent during the same period compared to its peak in October, indicating that the market is entering a technical correction phase, according to livemint market.

Overall, the shares of the G7 group of major companies have wiped out about $3.28 trillion of investors' wealth since the beginning of 2026, with Microsoft recording the biggest decline of more than 23 percent, which reduced its market value by about $0.92 trillion to $2.67 trillion.

It was followed by Nvidia, the world's most valuable company, which lost about $0.51 trillion of its market capitalization to reach $4.01 trillion, due to a 12.5 percent decline in its stock price during the same period.

The market values of Meta and Alphabet also declined by about $0.31 trillion and $0.47 trillion respectively, after they lost a prominent lawsuit last week related to damages resulting from social media platforms, adding a new risk factor for the two companies, according to the Livemint Market website.

Amazon's stock has fallen 11 percent since the beginning of the year, wiping out about $0.32 trillion of its market value, while Tesla, backed by Elon Musk, has seen its stock drop more than 18 percent during the same period, with its market capitalization declining by about $0.35 trillion.

Apple topped the list of the least affected companies among the seven, with a decline of no more than 5 percent, while its market value reached $3.71 trillion, according to companiesmarketcap.

The S&P 500 index fell 4.6 percent in the first quarter of 2026, according to CNBC.