The seven tech giants of the US stock market have all collapsed, and "Cathie Wood" has reduced her holdings in Meta stock for the first time in nearly a year.

On March 19, Jinshi Data reported that "Cathie Wood" of Ark Investment Management is reducing its holdings in Meta Platforms (META.O), marking the first time in about a year and the latest sign of the troubled fate of major U.S. tech stocks. Wood's flagship ARK Innovation ETF reduced its holdings by 12,595 shares of Meta on March 17 and another 2,160 shares on Tuesday, marking the first time the firm has sold the company's stock since at least last March. As of December 31, the Ark fund held over 460,000 shares of Meta. They were buying this stock for most of last year. Wood's reduction in shares highlights the pressure faced by the seven major tech giants, which have recently lost momentum.