Anatomy Of A Correction: Magnificent 7 Fall Mirrors 2022 Pattern But It's Comparable To 2018: Caused By Repricing Of 'Animal Spirits' Explains Expert - Apple (NASDAQ:AAPL), Amazon.com (NASDAQ:AMZN)
1. Nasdaq is in correction territory, down 11.19% from peak. 2. AMZN's year-to-date performance mirrors overall tech declines. 3. Market correction resembles 2022 bear cycle but differs in causes. 4. Interest rate sensitivity impacts major stocks, including AMZN. 5. China's AI chip development could negatively affect tech stocks' profitability.