FAANG stocks suffered a massive dip before the holidays, wiping out $1 trillion in combined value. Now they’re bouncing back — with one notable Apple-shaped exception.

While Facebook, Google, Netflix and Amazon have all gained between 10.7 percent and a massive 50 percent since Christmas Eve, Apple is severely lagging. It’s up just 5.5 percent over the same period.

Struggling to understand how Apple stock erased more value in the last six weeks than it made in its first quarter-century?

It’s bloody complicated, but these five reasons help explain Apple’s plunging stock price.

Tech stocks have bounced back slightly after their dismal showing over the past month-and-a-half. Four out of the five FAANG stocks — Facebook, Apple, Amazon, Netflix, and Facebook — rose more than 1 percent in early trading today.

That’s not to say that the worst is behind them just yet, but it does suggest a turnaround could be on the cards. And not a moment too soon!

Apple’s market cap has taken one heck of a beating over the past six weeks. But it’s far from alone.

A new report notes that tech’s FAANG stocks (that’s Facebook, Apple, Amazon, Netflix, and Google) have lost a combined $728 billion of their combined value in one-and-a-half months. That’s slightly more than the GDP of Saudi Arabia and only a bit less than that of the Netherlands.