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Tech megacaps lose $1.8 trillion in 2 days as Trump tariffs lead Nasdaq to worst weekly drop in 5 years - TL;DR CNBC

Tech megacaps lose $1.8 trillion in 2 days as Trump tariffs lead Nasdaq to worst weekly drop in 5 years

Publishing timestamp: 2025-04-04 16:01:32


Summary

The "Magnificent Seven" stocks, including Apple, lost a combined $1.8 trillion in market value over the last two trading sessions due to fears of a global trade war and recession. Tech megacaps have been hit the hardest, with Apple leading the losses. Other technology companies and semiconductor stocks have also experienced significant declines. Berkshire Hathaway is underperforming after news of Buffett's exit, and Vanguard sees it as an attractive income opportunity. Analysts suggest that if Apple releases a foldable phone, a certain stock will benefit.


Sentiment: NEGATIVE

Tickers: AAPLNVDA.IXICCRMAVGOSMHTSLAQRVOAPPMRVLAMZNMSFTMUORCLAMDPLTRMETAINTCGOOGL

Keywords: breaking news: politicsamazon.com incmarketsnvidia corpbreaking news: marketsmicron technology incpoliticsbusiness newspalantir technologies incapplovin corpsalesforce inclam research corptesla incmicrosoft corpnasdaq compositealphabet incbroadcom incintel corpqorvo incoracle corpbreaking news: economyeconomytechnologyvaneck semiconductor etfmeta platforms incadvanced micro devices incapple incmarvell technology inc

Source: https://www.cnbc.com/2025/04/04/technology-stocks-fall-for-a-second-session-led-by-tesla-and-nvidia.html


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