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: AAPL, NVDA, .IXIC, CRM, AVGO, SMH, TSLA, QRVO, APP, MRVL, AMZN, MSFT, MU, ORCL, AMD, PLTR, META, INTC, GOOGL,
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