Tech stocks are getting slammed (AAPL, FB, GOOGL, MSFT, AMZN, NVDA)

The high-flying tech sector is taking it on the chin. The Nasdaq Composite Index was trading down 2% at 6,196.41 around 2:59 P.M. ET after hitting a record high earlier on Friday. 
The day started out so promising, with Goldman Sachs declaring "FAAMG" as the new acronym for the most powerful stocks in the space. 
"While FANG has dominated investor focus, the nature of the acronym has expanded more broadly to encompass mega-cap tech," Robert Boroujerdi and his colleagues wrote in a