Apple Loses 42% Of Its Market Cap
As investors were unloading tech stocks almost across the board in early Wednesday trading, Apple and Google recorded the most dramatic losses. Apple was down almost 18% or $27.64 to $128.00, while Google dropped almost 9% or $51.63 to $532.72.
Apple hit a record high of $201.56 on December 28, 2007. Google shares sold for as much as $741.79 back in November.
Other shares that lost value included Dell, which was down more than 5% to $19.22 and HP which lost more than 4% to $40.74.
Among the few companies that gained on Wednesday were Intel and AMD: Intel was up more than 2% to $19.07 and AMD was up 4% to $7.08 at the time of this writing.
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