Technical stocks destroy the last after the election when NASDAQ drops

So much for Trump’s Trump.

Once Thursday plunged by 2.6%, NASDAQ has destroyed all its post -elected income and keeping up for its worst week since September when investors are experiencing tariffsweakens than expected Employment numbers and potential cooling on the artificial intelligence market.

Selloof means a great cancellation for technology, especially after the highest branches of the industry came out of their way to show their support Donald Trump After winning the November election, traveling to see him at the Mar-a-Lago resort in Florida and publicly announcing them contribution to his inauguration. Many of the largest names of the industry, including Apple’s Tim Cook, Meta Mark Zuckerberg, Amazon Founder Jeff Bezos and Alphabet In January, CEO Sundar Pichi was present at the inauguration in Washington, Colombia District.

All these companies have contributed to a technological action over the last two years. Last year, NASDAQ jumped up 43% in 2023 and 29%, due to income to NVIDIA, META and other companies that are considered as large AI Boom beneficiaries.

On Thursday, Aaron Dan, Morgan Stanley Investment Management, said CNBC that the uncertainty around Trump’s economic policy combined with a broad deviation from the risk is at the heart of this step.

“We really want to focus on the enterprises we would call the weather enterprises,” Dan said. He added that the market has high -risk trade, with rotation in the company that can handle the fact that “regardless of the volatility from the administration, it will be daily.”

Investors are particularly concerned about increasing businesses for business goods that are likely to follow the tariffs, and higher consumer prices that will follow, as well as retaliation tariffs that will make exports more difficult.

North Tuesday, 25% tariffs O Import with two best trading partners in America, Canada and MexicoHe came into force as an additional 10% tariff for Chinese imports. Tariffs for Canadian energy at 10%also started at midnight on Tuesday. Despite the fact that Trump further issued temporary liberations from tariffs for a wide range of goods coming from Canada and Mexico, the market continued its slide.

Among the Megacap companies Tech, the worst performer this year TeslaWhich decreased by 35% after the fall is nearly 6% on Thursday. Slide automakers are particularly noticeable considering CEO Elon Musk Central position in the second Trump administration.

February, the first full moon is Musk in the White House marked The worst month of Tesla In the stock market since 2022. The action is traded on the lowest day after the November 5, and 45% below its record, reached in December.

Nvidia This year, 18% decreased by 18%, including more than 11% decreased this week, and is traded in the lowest since September. A service manufacturer, which works in most of the AI ​​market with its graphic processing units, counts on large trading partners around the world.

Company processors are mainly produced in Taiwan, but some its complex systems and full computers that surround the chips are produced in other regions, including Mexico and the US

“Tariffs at this point, this is unknown until we understand what the US government plan is,” said Nvidia Colette Kress Chief Finance Call profit at the end of last month.

Chip is a manufacturer BroadcomWhich increased more than doubled last year because of the growth of the demand for its AI systems, this year decreased by 22%. Broadcom’s shares were rallied in extended trading on Thursday after profit.

Marvell Technology She headed the drop of chips on Thursday, plunging 20% ​​after the management did not meet some increased purchase estimates. Reserves are now declining by 35% per year.

In addition to tariffs and trade, Wall -Rate is going through work. Creating jobs in the private sector slowed down to crawling in February, causing concern for economic slowing, ADP -Ferma ADP reports. Companies added only 77,000 new workers per month, lower than 148,000 consensus Dow Jones, according to seasonally adjusted ADP figures.

Without a huge stock on Friday, Nasdaq will end below its third consecutive week and the fifth week in six.

See: Technical companies during the opening process for AI power