Nvidia dropped almost 5%, pacing a steep decline in tech stocks, after President Trump threatened more tariffs on China.
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Shares of Amazon
, Nvidia
and Tesla
each dropped around 5% on Friday, as tech’s megacaps lost $770 billion in market cap, following President Donald Trump’s threats for increased tariffs on Chinese goods.
AI hyperscalers had a bruising week after investors got jittery about huge expenditure outlooks.
Bitcoin dropped below $96,000 for the first time since May while major tech stocks continued to slide on Friday morning.
Nvidia sank 2.4% after SoftBank, a Japanese technology giant that had been a major investor, said it had sold its entire stake…
Things were not so bad until President Donald Trump's new China trade threats tanked the stock market.
The S&P 500 dropped 1.1%. The Dow Jones Industrial Average fell 421 points, or 0.9%, as of 12:34 p.m. Eastern time. The Nasdaq…
Nvidia was the heaviest weight on the market after the chip company lost 4.7%.
