Trump Tariffs Trigger Tech Stock Plunge: $1.8T Lost

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Tech stocks are reeling after President Trump’s tariff announcements, leading to the Nasdaq’s worst week in five years. The so-called “Magnificent Seven” tech giants have seen a staggering $1.8 trillion wiped off their combined market value in just two days.

Apple Takes the Biggest Hit

Apple (AAPL) suffered the most, losing over $533 billion in market capitalization. The tech-heavy Nasdaq experienced a sharp decline, reminiscent of the market’s reaction to the COVID-19 pandemic in March 2020, amid growing fears of a global trade war and potential recession.

The Magnificent Seven’s Woes

  • Tesla (TSLA): Plunged over 10% on Friday, losing over $139 billion in two days.
  • Nvidia (NVDA): Lost a combined $393 billion over two sessions.
  • Meta (META): Market value plummeted by over $200 billion.
  • Amazon (AMZN): Dropped $265 billion, marking its ninth consecutive losing week, the worst streak since 2008.
  • Alphabet (GOOGL) & Microsoft (MSFT): Experienced smaller percentage losses but still shed over $139 billion and $165 billion, respectively.

Beyond the Megacaps: Broader Tech Sector Suffers

The pain extended beyond the megacaps. Other tech companies also experienced significant declines:

  • Oracle: Slumped nearly 9% this week.
  • AppLovin & Palantir Technologies: Tanked more than 19% and 13%, respectively.
  • Salesforce: Declined almost 11%.

Semiconductor Stocks Tumble

Semiconductor stocks, heavily reliant on international production, also plummeted. The VanEck Semiconductor ETF (ticker: SMH) plunged about 15% this week. Companies like Marvell Technology and Apple supplier Qorvo each lost about a fifth of their value. Advanced Micro Devices (AMD), Intel (INTC), and Broadcom (AVGO) also saw significant declines.

Analysts Weigh In

Industry experts are closely watching the situation. Concerns are mounting that widespread tariffs could significantly reduce demand and trigger further economic downturn.

Stay tuned for further updates as the market reacts to the ongoing trade developments.

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