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Under the “Magnificent Seven” Big Tech shares, Apple (AAPL) and NVIDIA (NVDA) are first in the Trump trade war.
This week, for better and worse.
The volatility of the two technical shares since the mutual rate announcement of Trump on 2 April is one of the more striking examples of how investors fight through ever -changing aggressive trade rules of the administration.
Apple was initially the biggest loser from the trade rules, with around 90% of his iPhones made in China, according to Wedbush analyst Dan Ives. The company led Big Tech shares down in the days after the mutual rate announcement of Trump on 2 April, and left no less than $ 773 billion from its market capitalization.
Read more: The latest news and updates about Trump’s rates
A tariff exemption for some consumer electronics – in principle all Apple products announced last Friday by American customs and border protection, illuminated some pressure on the shares earlier this week, with shares of the iPhone maker rising more than 2% on Monday.
Apple’s recovery helped to turn its market losses and briefly reduced its value above $ 3 trillion.
Nvidia was less lucky this week.
The company revealed on Tuesday at the end of Tuesday that the US government has effectively banned the export of its specialized chips to China and sent almost 7% on Wednesday.
Although the AI chip maker has lost a lower part of its value since 2 April than Apple, most of the pain came this week when the market capitalization of the company dropped by 8%, or $ 230 billion. In the same period, Apple -stock had only fallen fractionally.
“In our opinion, this recent development increases the uncertainty of investors in an already very insured environment,” wrote Stifel analyst Ruben Roy in an analysis on Wednesday.
So far, Trump has set a rate of 10% for all global imports, which came into force on 5 April.
His “mutual” rates that were initially set up to get into force on April 9, 90 days were paused, with the exception of a duty of 145% on Chinese input.
More uncertainty is also ahead.
This week Trump set the scene to target semiconductors after news about exemptions for technical products: The Commerce department opened a probe in computer chips According to a law that grants the president the opportunity to impose taxes on import due to national security.
And Trump has promised that most electronics will still be packed in his rates, which could harm Nvidia, Apple and other major technology companies.
“We look at semiconductors and the entire electronics -supply chain in the coming study into the national security rate,” he posted on Sunday.
