Las Big Tech They have shown themselves as Great losers with the new Donald Trump tariff regime. He NASDAQ 100 has lost last Thursday 1.4 billion dollarsaccumulating one 16% drop in recent weeks and 2.7% this Friday after China reprisals. Los Seven magnificent mark a loss of 20%according to Jran Wittenstein and Ryan Vlastelaica in Yahoo Finance.
China and Taiwanworld chips and high -tech manufacturing centers, they were affected by 54% and 32% levies, respectively. Emerging production bases such as Vietnam and India They face at least the taxes 26%. On Friday, China announced that it will impose a 34% tariff to all imports from the US from April 10.
All this represents a disastrous scenario for companies such as Apple, NVIDIA y BroadcomAmerican technological bastions that are supplied with hardware components and assembly labor of Southeast Asia, and use it to value billions of dollars in their intellectual property. For years, intricate supply chains that have generated billions of profits and a dizzying rise in shares prices have been woven. It is a system that cannot be rapidly dismantled, which means that these companies face a difficult decision: to raise prices at a time when consumers are at the limit of their resources or absorb costs and see how profits decrease.
«This is really the worst possible scenario for technological Paul Stanley, Investment Director of Granite Bay Wealth Management.
Investors reacted quickly, causing a fall of the9,3% In the actions of Apple Thursday after the Trump announcement of your plan. This was the greatest fall for the iPhone manufacturer since March 2020, eliminating More than 310,000 million dollars of the company’s market value. He Bloomberg indexthat follows the actions of the so -called «seven magnificent», a 6,7%.
On Friday, Apple fell an additional 3.8%, while the «seven magnificent» index fell 3.4%.
The index of companies related to chips fell almost 10% Thursday, with Micron Technolog y Microchip Tech falling more than 16% each one. Broadcom A collapsed 11% y Nvidia and 7.8%.Amazonwhose electronic commerce business sells many products of foreign origin, a 9%.
He semiconductor index of the Philadelphia Stock Exchange a one fell 3,2% Additional on Friday.
Software manufacturers, with a more limited exposure to tariffs, obtained a better result on Thursday. Microsoft y Workday-A, For example, they surpassed S&P 500 con falls of 3% or less.
Tariffs are the last headache for the technological sector, which just a few months ago generating profits. From the end of 2022 to its maximum in February, the Nasdaq 100 grew more than double, far exceeding S&P 500. However, since it closed in a record on February 19, the reference index, with a strong technological component, has fallen 16% and has had a lower performance than the S&P 500 in more than four percentage points. The operators have been collecting profits and rotating towards more defensive sectors in fear of a recession and concern about a possible reduction in artificial intelligence infrastructure spending.
Wall Street analysts have been baffled by Trump’s vision to return manufacturing operations to the US, something that would be extremely expensive and it would take years, if not decades, to be achieved.
Applefor example, you may need three years and 30,000 million dollars To transfer only the 10% from its supply chain to the US, according to estimates of the Analysta de Wedbush, Dan Ives. IVES said that this measure would cause a «great disruption» and would be a failure, considering that the price of the iPhones produced in the US would increase dramatically.
Not everyone is bassists. Jason Britton, Director DEPTERSERSS DE SLIGATION ASSIT MANAGEMENT, He was a buyer on Thursday, although he prepares for greater volatility in the future.
«Important niches of opportunity are being created,» Britton said. «I am investing in the companies that I liked yesterday. If their investment horizon is greater than 12 months, I should buy companies that were solid yesterday.»