U.S. Tech Sector Bleeds Billions Amid Trump’s Trade Policies

Since the start of Donald Trump’s presidency, U.S. tech stocks have lost over 7% of their market value, as escalating trade tariffs fuel uncertainty on Wall Street and drive investors away from high-risk assets.

Chipmakers have taken the hardest hit—Nvidia has dropped over 17%, with an additional 9% plunge on Monday, while AMD fell 20%, Broadcom 21%, and Marvell Technology 31%. In an effort to adapt, Nvidia announced plans to partially shift production to the U.S. The VanEck Semiconductor Index is down 14% year-to-date.

Other tech giants aren’t faring much better. Tesla has lost a third of its value, Alphabet is down 15%, and Microsoft and Amazon have each fallen by over 10%. The only exception? Apple, up 3%.

The situation worsened after Trump imposed 25% tariffs on Canadian and Mexican goods and an additional 10% tariff on Chinese imports. In retaliation, Canada, Mexico, and China introduced countermeasures, putting even more pressure on the tech sector.