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Tech Giants Lose $1 Trillion in Three Days Amid Turmoil

Solomon M. by Solomon M.
April 6, 2025
in Latest News
Key Takeaways:

  • Tech firms lose $1 trillion due to tariffs.
  • Cryptocurrencies gain traction in fluctuating markets.
  • Investor shifts to alternative hedging vehicles noticed.

major-tech-firms-face-trillion-dollar-loss-amid-tariffs
Major Tech Firms Face Trillion Dollar Loss Amid Tariffs

Microsoft, Apple, and Nvidia jointly incurred a $1 trillion loss over three days due to U.S. tariffs. These events unfolded mainly because of President Trump’s extensive tariffs impacting critical supply chains of these tech giants.

These losses underscore the delicate balance between economic policy and market stability, driving renewed interest in cryptocurrencies as investors seek refuge from tech sector volatility.

Microsoft, Apple, and Nvidia saw their combined valuations plummet, influenced by U.S. trade tariffs. President Trump’s policies have directly disrupted the supply chains crucial for these global tech leaders. Dan Ives, an Analyst at Wedbush Securities, stated,

“Trump’s tariffs could create a self-inflicted economic Armageddon for U.S. tech sectors.”

The companies, leaders in AI, electronics, and cloud computing, experienced a 15% valuation drop each. In contrast, Bitcoin maintained its value, holding at $83,698, as investors looked to cryptocurrencies amid market uncertainties.

Tech sector upheaval paralleled previous market downturns like 2022’s, driven by inflation and uncertainty. Cryptocurrency market volumes rose by 10.35%, despite the crypto market cap decreasing to $2.71 trillion.

Cryptocurrencies could play a more significant role as alternative hedging vehicles. Historically, digital assets gain attention during moral market conditions, with Bitcoin being a perceived safe asset during stock sell-offs. Tracy Jin, COO of MEXC, commented,

“Bitcoin’s status as a safe haven is being questioned amid escalating trade tensions. A potential drop to $52,000–$56,000 by summer 2025 cannot be ruled out.”

Given the current events, financial analysts predict possible further cryptocurrency adjustments while observing potential shifts in global economic dynamics as trade tensions remain high.

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