Tech Stocks Down on Trade War Fears
Shares of technology companies experienced a downturn as investors braced for a potential intensification of the trade war. This followed the Trump administration’s unveiling of significant auto tariffs.
Amidst these concerns, shares of artificial intelligence (AI) companies continued to slide. A key factor driving this decline was apprehension that China would impose restrictions on the purchase of American AI technology.
Nvidia Corporation, a prominent AI-enabling chip maker, saw its shares decrease further. The stock is now down 19% year-to-date, representing a loss of hundreds of billions of dollars in market capitalization. This decline is largely attributed to the growing concerns surrounding a rival Chinese AI ecosystem.
Shares of Tesla, which could potentially benefit from the protectionist policies, experienced a slight increase.
This information follows a report from Dow Jones Newswires dated March 27, 2025.
Quote: Shares of technology companies fell as traders braced for an escalation in the trade war following the Trump administration’s unveiling of steep auto tariffs.
Market Data (As of March 27, 2025)
- NVIDIA CORPORATION: 111.43USD, -2.05%
- TESLA, INC.: 273.13USD, +0.39%
