According to LSEG data, the top 10 global companies saw a 13.2% decrease in their market value to $18.64 trillion at the end of Q1 2025, marking the biggest drop since June 2022. Tesla Inc's market value plummeted by 35.7% to $833.59 billion, while Broadcom Inc and NVIDIA Corp recorded a 27.56% and 19.59% drop in market capitalization to $787.25 billion and $2.64 trillion, respectively.
Each year, when the Larry Fink letter goes out, it’s required reading on Wall Street. The CEO of BlackRock, the world’s largest asset manager, pens a memo to shareholders that quickly becomes gospel. It was Fink’s 2018 letter, for example, that helped catalyze interest in do-gooder investing known as ESG (for environmental, social and governance) — a term he later swore off amid Republican backlash.