Visitors including Mark Zuckerberg, Lauren Sanchez, Jeff Bezos, Sundar Pichai and Elon Musk participate in the inauguration of Donald J. Trump in USA Capitol Rotunda on January 20, 2025 in Washington, DC. Donald Trump takes office for his second term as the 47th President of the United States.
Julia Demaree Nikhinson | Getty Images
So much about Trump’s clash.
After plunging 2.6% on Thursday, Nasdaq has deleted all his profits after the election and is at the pace for his worst week since September, as investors worry about tariffs, employment numbers than expected and a possible cooling in the artificial intelligence market.
The sale marks a major overthrow of technology, especially after senior industry leaders went out of their way to show their support for Donald Trump after his election victory in November, traveling to see him at his Mar-A-Lago resort in Florida and publicly announcing their contributions to his inauguration. Many of the biggest industry names, including Apple Tim Cook, Meta Mark Zuckerberg, Amazon founder Jeff Bezos and Alphabet CEO Sundar Pichai participated in the inauguration in Washington, DC, in January.
Those companies all contributed to the technology rally over the past two years. Nasdaq was dropped 43% in 2023 and 29% last year, driven by Nvidia profits, meta and other companies that are seen as large beneficiaries of his boom.
Aaron Dunn, co-director of Morgan Stanley’s investment management, told CNBC “The Exchange” on Thursday that the uncertainty about Trump’s economic policies accompanied by a wide-ranging shift is at the heart of the mass.
“We really want to focus on businesses we will call businesses of all weather in the market,” Dunn said. He added that the market is seeing the unmodification of high -risk trade, with a rotation in companies that can handle “despite the instability from the administration, will be daily”.
Investors are particularly concerned about increasing the costs of goods for businesses that are likely to come from tariffs, and the highest consumer prices that will follow, as well as revenge tariffs that will make exports more difficult.
At midnight Tuesday, 25% of imports of imports from the two main American trading partners, Canada and Mexico, came into force, as well as an additional 10% fee for Chinese imports. Canadian energy tariffs, at a rate of 10%, also began at midnight Tuesday. Although Trump later issued temporary exceptions of tariffs for a wide range of goods coming from Canada and Mexico, the market continued its downhill sliding.
Among Technology Megacap companies, the worst performer this year is Teslawhich is 35% declining as it fell nearly 6% on Thursday. The vehicle slide is especially evident taking into account the central position of CEO Elon Musk in the second administration of Trump.
In short, Musk’s first full month in the White House has scored the worst month of Tesla in the stock market since 2022. Shares have been trading at the lowest level since election day, November 5, and is 45% under its record reached in December.
Nvidia It has slipped 18% this year, including a decrease in more than 11% this week, and is trading at the lowest level since September. Chipmaker, who has strengthened most of his market with his graphic processing units, calculates the leading trade partners across the globe.
Company processors are mainly made in Taiwan, but some of its sophisticated systems and full computers surrounding the chips are produced in other regions, including Mexico and US
“Tariffs at this point are unknown until we find out what is the US government plan,” the Nvidia Colette Creste Chief of Finance said investors to call the company profits at the end of last month.
Driver Broadcomwhich more than doubled in value last year due to the growing demand for its systems it has dropped 22% this year. Broadcom shares gathered in extended trade on Thursday after profits.
Marvell Technology directed Thursday’s fall in chipmakers, plunging 20% after the instructions fell less than some raised Buyside ratings. The stock is now 35% for the year.
In addition to tariffs and trade, Wall Street is concerned about jobs. The creation of jobs in the private sector slowed down to a delay in February, promoting concerns about an economic slowdown, the ADP wage processing firm reported Wednesday. Companies added only 77,000 new workers per month, under the assessment of the 148,000 dow Jones, according to seasonal figures by ADP.
Without a big rally on Friday, Nasdaq will end the lower for her third right week and the fifth week in the last six.
Look: Technology companies in the process of detecting the empowerment of it
