Technology Stocks Take a Dive

Investors reacted sharply to sweeping new tariffs introduced by United States President Donald Trump, causing technology giants to suffer significant losses in the premarket session on Thursday. This development has raised alarms over a potential escalation in global trade tensions.

Major Tech Companies Affected

As of 7:28 a.m. ET, Apple Inc. saw its shares plunge by 7.24%, marking a continuation of the company's recent downturn. Amazon.com Inc. was not far behind, with a drop of 6.31%, while Nvidia Corporation fell by 5.53%, highlighting concerns over chip exports. Meta Platforms Inc. also experienced a slump, decreasing by 4.70%, with Alphabet Inc. and Microsoft Corporation retreating by 3.03% and 2.70%, respectively.