Tesla and SpaceX Lose $1.2 Trillion: Apple Shines as Market Champion

Tesla and SpaceX suffered dramatic market cap declines in July, while Apple delivered its best performance in four years. Tesla's market value dropped $400 billion, SpaceX lost $800 billion, and Alphabet shed $300 billion. These three giants accounted for $1.5 trillion of the market's losses among the top 10 companies. The remaining eight stocks gained, with Microsoft adding $150 billion and Meta $100 billion. Apple's $700 billion gain overshadowed the losses, pushing its valuation past $5 trillion and reclaiming the title of world's most valuable company from Nvidia. The broader market remains stable, though the semiconductor sector saw a 20% drop. Analysts are watching closely whether this weakness will spread beyond the megacaps. How will the markets react to this shift?