Microsoft has paused data center development and negotiations in multiple locations, citing tariff announcements and concerns of AI computing overcapacity
Bitcoin (CRYPTO: BTC) is increasingly demonstrating a dual identity—mirroring the performance of high-growth tech stocks while simultaneously acting as a hedge against broader financial uncertainty, according to Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered
Over the last six months, Gap shares have sunk to $17.77, producing a disappointing 16.4% loss - worse than the S&P 500’s 6.9% drop. This might have investors contemplating their next move.
On Thursday, the technology sector witnessed a major drop, with the Nasdaq closing 6% lower. This marked the most severe single-day decline for tech stocks in over five years.
IonQ CEO said the company sells quantum computing systems worldwide and that its next-generation system will be about 240 million times more powerful than its predecessor.
President Donald Trump's new reciprocal tariffs on tech imports are threatening to disrupt Big Tech's multi-billion-dollar AI infrastructure projects, including the $500 billion Stargate initiative, by raising hardware costs and delaying data center expansions.
Shares of pop culture collectibles manufacturer Funko (NASDAQ:FNKO)
fell 17.8% in the afternoon session after President Trump announced "reciprocal tariffs" on all US imports, set at a minimum rate of 10%. From clothing brands and electronics makers to the e-commerce sites that move their goods, companies built on global supply chains took the biggest hit.
Stocks with heavy exposure to Asia were especially hard-hit, as the new tariffs threatened the growth and profits of firms with factories in the region. Vietnam, central to many companies' production plans, faced a 46% tariff. Cambodia and Indonesia were also in the crosshairs, with tariff rates of 49% and 32%. These measures could significantly erode the competitiveness of goods produced in those regions. For example, reduced production volumes would negatively affect the sales growth of all companies benefiting from these manufacturing hubs.
Shares of parcel and cargo delivery company FedEx (NYSE:FDX)
fell 12.2% in the afternoon session after President Trump announced "reciprocal tariffs" on all US imports, set at a minimum rate of 10%.
Shares of aerospace and defense company Boeing (NYSE:BA)
fell 9.5% in the afternoon session after President Trump announced "reciprocal tariffs" on all US imports, set at a minimum rate of 10%. Markets reacted negatively to the announcement, reflecting deep concerns among investors about the broader economic implications. The tariffs were likely seen as a significant threat to global trade flows, with the potential to slow economic growth, drive up consumer prices, and spark retaliatory measures.
Shares of networking technology giant Cisco (NASDAQ:CSCO) fell 6.6% in the afternoon session after President Trump announced "reciprocal tariffs" on all US imports, set at a minimum rate of 10%. Markets reacted negatively to the announcement, reflecting deep concerns among investors about the broader economic implications. The tariffs were likely seen as a significant threat to global trade flows, with the potential to slow economic growth, drive up consumer prices, and spark retaliatory measures.
A number of stocks fell in the pre-market session after President Trump announced "reciprocal tariffs" on all US imports, set at a minimum rate of 10%.
Shares of online used car dealer Carvana (NYSE: CVNA)
fell 19.8% in the morning session after President Trump announced "reciprocal tariffs" on all US imports, set at a minimum rate of 10%.
Shares of department store chain Kohl’s (NYSE:KSS)
fell 25.6% in the morning session after President Trump announced "reciprocal tariffs" on all US imports, set at a minimum rate of 10%.
Shares of athletic apparel retailer Lululemon (NASDAQ:LULU)
fell 15% in the pre-market session after President Trump announced "reciprocal tariffs" on all US imports, set at a minimum rate of 10%.
Shares of footwear company Skechers (NYSE:SKX)
fell 21.3% in the morning session after President Trump announced "reciprocal tariffs" on all US imports, set at a minimum rate of 10%.
