Among the “Magnifiment Seven” Big Tech Stocks, Apple (Aapl) and nvidia (Nvda) found themselves at the forefront of Trump’s trade war.
This week, for better and for worse.
The volatility of the two technologies of technology since Announcement of the reciprocal rate of Trump’s “Liberation Day” on April 2 is one of the most prominent examples of the way investors are fighting thanks to aggressive commercial rules in constant evolution of the administration.
Apple was initially the largest loser in commercial rules, with approximately 90% of its iPhones manufactured in China, according to Wedbush analyst Dan Ives. Business led large technological stocks In the days following Trump’s reciprocal price announcement on April 2, losing up to $ 773 billion in market capitalization.
Find out more: The latest news and updates on Trump’s prices
A Price exemption for certain consumer electronics – Covering essentially all Apple products – announced at the end of last Friday by customs and the protection of American borders has relieved a certain pressure on stock earlier this weekWith actions from the iPhone manufacturer increasing more than 2% on Monday.
Apple’s resumption has helped stem its market capitalization losses and briefly put its value over 3 dollars billions.
Nvidia was less likely this week.
The company revealed on Tuesday evening that the United States government had indeed prohibited the exports of its specialized fleas in China, Sending actions of almost 7% Wednesday.
Although the IA flea manufacturer has lost a lower share of its value than Apple since April 2, most of the pain has occurred this week, the company’s market capitalization has dropped by 8%, or $ 230 billion. During this same period, the apple stock was only decreasing fractionally.
“In our opinion, this recent development strengthens the uncertainty of investors in an already very uncertain environment,” wrote Stifel Ruben Roy in an analysis on Wednesday.
Until now, Trump has adopted a 10% rate on all global imports, which came into force on April 5.
Its “reciprocal” prices initially put into force on April 9 were Break for 90 daysWith the exception of a 145% of rights to Chinese imports.
More uncertainty is also ahead.
This week, Trump prepared the field to priced semiconductors after news of exemptions for technological products: The Commerce Department has opened a probe on computer flea Under a law which grants the president the ability to impose import samples due to national security.
And Trump has promised that most electronic devices will always be wrapped in its prices, which could harm Nvidia, Apple and other large technological companies.
“We take a look at semiconductors and the entire supply chain in electronics in the next surveys on national security prices,” he published on Sunday.