Nvidia and Apple stocks show how investors are extinguishing fires Trump tariff changes

Among the big tech stocks of “The Magnificent Seven”, Apple (aapl) and nvidia (NVDA) I found myself at the forefront of Trump’s trade war.

This week, it’s going to get better and worse.

Since then, volatility in two high-tech stocks Trump’s “liberation day” mutual tariff announcement on April 2nd It is one more prominent example of how investors are fighting constantly changing aggressive trade rules from the administration.

According to Wedbush analyst Dan Ives, Apple was initially the biggest loser from trade rules, about 90% of iPhones made in China. company Leading a large tech inventory In the days after Trump’s mutual tariffs announced on April 2, it poured up to $773 billion from its market capitalization.

read more: Latest news and latest news on Trump tariffs

a Customs exemptions for certain consumer electronics – Essentially covering all Apple products – announced last Friday by US Customs and Border Protection I put some pressure on the stock earlier this weekiPhone maker stocks rose more than 2% on Monday.

Apple’s recovery helped to stem the loss of market capitalization Its value is easily returned to above $3 trillion.

Nvidia this week was not lucky.

The company announced late Tuesday that the US government had effectively banned the export of specialized chips to China. Stocks fell almost 7% on Wednesday.

The AI ​​chip maker has lost its less valuable share than Apple since April 2, but most of the pain this week has fallen to $200 billion as the company’s market capitalization fell by 8%. During the same period, Apple’s stocks had only declined slightly.

“In our view, this recent development will increase investor uncertainty in an already highly uncertain environment,” Stifel analyst Reuben Roy wrote in an analysis Wednesday.

Trump has so far enacted a 10% tariff on all global imports, and came into effect on April 5th.

His “mutual” tariffs were originally set to take effect on April 9th. Has been suspended for 90 daysexcluding a 145% obligation to China’s imports.

More uncertainty is also ahead.

This week, Trump set the stage in semiconductors after news of tech products exemptions. The Ministry of Commerce has opened a survey of computer chips Under laws that grant the president the ability to impose taxes on imports by national security.

And Trump has promised that most electronics will be wrapped in his tariffs.

“We look at the entire semiconductor and electronics supply chain in our upcoming national security tariff survey,” he posted Sunday.