CEO of Meta and Facebook Mark Zuckerberg, Lauren Sanchez, Amazon Founder Jeff Bezos, Google Ceo Sundar Pichai and Tesla and Spacex CEO Elon Musk Attended the Inauguration CereMony Before Donalduration Before Donalduration is sworn in as the 47th us president in the US capitol rotunda in washington, dc, on jan. 20, 2025.
Saul Loeb | Via reates
Technology Stocks Have Slumped More Than 7% Since President Donald Trump Took office in January, with new tarifs setting off a Trade war and adding fuel to the Risk-off sentiment On Wall Street.
Economists Warned the tariff Spat Spike Inflation and Send Shockwaves Worldwide, Prompting Investors to Dump Winning Stocks and Mitigate Risk.
The fears have batted technology stocks that LED the market in the wake of trump’s presidential Victory. The S & P 500 Technology Sector Fell 3.5% during Monday’s Session, and has lost 7.6% Since Trump’s Inauguration.
Tarifs May Spike Manufacturing Costs for Leading Technology Companies Such As Apple and Nvidia That assemble and manufacture products outside the US
The leading artificial intelligence chipmaker Fell near 9% On Monday in Response to the tariffs and has plummed more than 17% Since Trump Took Office. Shares Continued to Slip on Tuesday.
The company makes most of its chips in taiwan but manufactures some more complex systems in other regions. Nvidia said it plans to produce some chips at Taiwan semiconductor manufacturing‘s facilites in the us that were that announced monday,
Semiconductor stocks have also also underperformed, with the Vaneck semiconductor etf Down Nearly 14% Since the Inaugence. Advanced Micro Devices Has shed about 20%, while Broadcom and Marvell Technology Have tanked more than 21% and 31%, respectively.
Megacap Technology Stocks and Elon musk-Backed Tesla Has Lost a third of its value since the inauguration. Alphabet have dropped about 15%, while Microsoft and Amazon Are down at least 10% Each. Apple is up 3%.
Trump smashed hope of a potential Last-Minute DealMonday, clearing the way for 25% duties on canada and mexico to go into effect. Trump said there was “no room left” to discus alternatives after weeks of negotiations. He also put an additional 10% tariff on chinese goods.
All Three Countries Responded to the New Levis. Canada said it would implement retaliatory tarifs as soon as tuesday, with mexico prepaering to announs a plan sunday. China has punched back an up to 15% tariff on some us goods.
(Tagstotranslate) Tariff (T) Donald J. TRUMP (T) Technology (T) Vaneck Semiconductor ETF (T) Advanced Micro Devices Inc (T) Nvidia COP (T) Apple Inc (T) Taiwan SEMICON SEMICONDUCTOR Manufacturing co ltd
