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The Biggest Tech Company Market Cap Winners And Losers In 2020 (So Far)

Stock markets were riding high in early 2020, plunged as the COVID-19 pandemic and economic shutdown took hold, and then rose steadily into August. Amid the stock market turbulence some of the 40 technology companies on our watch list have recorded big increases in their market capitalizations while others have seen big declines. Take a look at who are the winners and who are the losers.

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Value Proposition

With the economy roaring, stock markets reached historic highs early in the first quarter of 2020. But as the COVID-19 pandemic took hold and the economy stalled, markets went into a freefall before recovering somewhat at the very end of March. Since then the Dow Jones Industrials index has been on a steady climb back while the NASDAQ Composite index has surged past its February high point.

The Dow Jones Industrials closed Aug. 14 at 27,931.02 down 2.13 percent from Jan. 1. But the tech-heavy Nasdaq has been on a roll, closing at 11,019.30 on Aug. 14, up 22.81 percent from the start of the year.

The market capitalization values of the 40 technology companies on the CRN watch list have been mixed with 16 companies recording gains in their market cap value – several blowing past the $1 trillion mark – and 24 recording market cap value declines.

Market caps are largely determined by the value of a company‘s stock and the number of outstanding shares. So day-to-day market cap gains and declines tend to track closely to the value of a company’s shares. But market cap values can also change when companies issue additional shares of stock or when they initiate stock buybacks, thus changing the total number of outstanding shares.

Here is a look at who’s up and who’s down in market capitalization so far in 2020, starting with companies with the biggest gains in market cap, based on market cap values at the opening bell on Jan. 1 and at market close on Aug. 14.

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