The U.S. technology sector has lost billions of dollars due to Trump's policies. Since his election as president, the stock prices of major U.S. technology companies have sharply declined. The trade tariffs and the ensuing trade war created significant uncertainty on Wall Street, causing investors to shy away from risky assets, resulting in substantial losses for tech companies.
Chip manufacturers, in particular, have been hit hard. Since Trump’s inauguration, Nvidia has lost over 17% of its value, and its stock dropped another 9% today. AMD has seen a 20% decline, while Broadcom and Marvell Technology experienced drops of 21% and 31%, respectively. To cope with this challenging situation, companies are planning to relocate some of their production to the U.S. For instance, Nvidia is planning to move some of its production to the U.S. These changes have contributed to a 14% decrease in the VanEck semiconductor index this year.
Additionally, other tech giants have also faced difficulties. Tesla has lost a third of its value, Alphabet has dropped by 15%, and Microsoft and Amazon have each lost over 10%. However, Apple is the only company that has seen a 3% increase in its stock during this period, remaining the sole tech giant to profit.
This situation has worsened due to Trump’s decision to impose a 25% tariff on goods from Canada and Mexico, and an additional 10% tariff on Chinese goods. These moves led to retaliatory measures from those countries, which could further negatively impact the future of the technology sector. In response, Canada, Mexico, and China may impose additional sanctions, further challenging the U.S. tech industry.
