Guests including Mark Zuckerberg, Lauren Sanchez, Jeff Bezos, Sundar Pichai and Elon Musk attended the inauguration of Donald J. Trump in Washington, D.C. on January 20, 2025. Donald Trump serves as the second term of the 47th President of the United States.
Julia DeMaree Nikhinson Getty Images
So much for Trump’s bumps.
Nasdaq pulled out all post-election earnings after falling 2.6% on Thursday, the worst week since September, investors bothered in its worst week after falling 2.6% tariffweak expectations Number of employed people and potential cooling in the AI market.
The sell-off marks a huge reversal of technology, especially after industry executives do their best to show their support Donald Trump After the November election victory, travel to meet him at the Mar-a-Lago resort in Florida and publicly announced contribute His inauguration ceremony. Many well-known people in the industry, including Apple’s Tim Cook, Yuan Mark Zuckerberg, Amazon Founder Jeff Bezos and letter CEO Sundar Pichai attended the inauguration ceremony in Washington, D.C. in January.
These companies have contributed to technology gatherings over the past two years. Nasdaq grew 43% in 2023 and 29% last year, driven by revenue from NVIDIA, META and other companies that are seen as major beneficiaries of AI BOOM.
Aaron Dunn of Morgan Stanley Investment Management told CNBC Thursday that uncertainty surrounding Trump’s economic policy coupled with a broad shift away from risks is at the heart of the move.
“We really want to focus on what we call the all-weather business,” Dunn said, adding that the market is seeing relaxation in high-risk trade and turning to deal with “regardless of government volatility, every day will be volatility every day.”
Investors are particularly concerned about the increased cost of goods for businesses that could result in tariffs, and the consequent rise in consumer prices, and retaliatory tariffs that would make exports more difficult.
At midnight on Tuesday, 25% tariff Regarding the imports of the first two trading partners of the United States, Canada and Mexicoeffective, and the same is true for additional tariffs on Chinese imported goods. Canadian energy tariffs also began at a rate of 10% at midnight on Tuesday. The market continued to decline despite Trump’s subsequent issuance of temporary tariffs on a wide range of goods from Canada and Mexico.
Among the technical Megacap companies, the worst performer this year is Tesladown 35% after falling nearly 6% on Thursday. Considering the automaker’s slideshow is particularly noteworthy CEO Elon Musk Central position in the second Trump administration.
In February, Musk’s first whole month at the White House, marked Tesla’s worst month In the stock market since 2022, the stock’s trading was the lowest since the election day on November 5, 45% lower than the record reached in December.
Nvidia This year’s decline of 18%, including a 11% decline this week, with the lowest trading volume since September. The chip maker powers most of the AI market through graphics processing units, relying on major global trading partners.
The company’s processors are mainly made in Taiwan, but in other regions including Mexico and the United States, some of its complex systems and complete computers around chips are made
“Tariffs are at this point until we know more about what the U.S. government plans are,” NVIDIA finance chief Colette Kress told the company’s investors. Income call At the end of last month.
Chip Manufacturer BroadcomIts value has more than doubled last year as demand for its AI systems soared, down 22% this year. After earnings, Broadcom shares rally in Thursday’s expanded trading.
Marvell Technology The chipmakers leading Thursday fell, down 20% after higher estimates of guidance rates. Now, the stock is down 35%.
In addition to tariffs and trade, Wall Street is also worried about work. Payroll processing company ADP reported on Wednesday that private sector job creation slowed to a crawl in February, raising concerns about the slowdown. The company added just 77,000 new workers this month, down from 148,000 Dow Jones consensus estimates, according to ADP seasonally adjusted data.
Nasdaq has no huge rally on Friday, with the number of Nasdaq going down in the third and fifth weeks of the last six.
