Big US tech names lost hundreds of billions of dollars in market capitalization in August

* Seasonal trends, high interest rates and rising bond yields explain the declines, according to Business Insider * Nvidia defied the trend of the big names in technology, according to the American publication.
Some of the world and #39;s largest companies lost hundreds of billions of dollars in stock market value in August, as U.S. stocks headed for their weakest month this year, Business Insider writes.

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