A post by @DeItaone on X.

The Magnificent Seven tech megacaps are set to shed roughly $1.1 trillion in combined market capitalization in a single session, their largest one-day decline on record, as the Nasdaq fell into correction territory. The selloff erased value across all seven constituents, underscoring how concentrated the index's recent gains had become in a handful of mega-cap names. The move matters because a drawdown of this scale in the group that has driven most of the market's upside raises questions about positioning and crowding risk. Investors will watch whether the Nasdaq extends its correction, whether dip-buying emerges in the megacaps, and whether the rotation out of tech accelerates into the next session.