After leading the stock market's rally to new heights this year, shares of technology companies plunged on Monday, with the 10 most valuabe U.S. tech companies losing $82.7 billion of value.

Amazon fell by $18.6 billion and Microsoft by $17.7 billion. Among the 10 highest valued companies in the sector, only Intel rose on Monday, closing up by just 1 cent.

Facebook continued a steep slide that started after its earnings report last week, dropping 2.2 percent on Monday, and slashing $11.1 billion from its market capitalization. Netflix had the biggest percentage drop among the top 10, falling 5.7 percent and losing $8.8 billion in value