
Oh Snap Tech Stocks Take a Dive!
Alright people listen up! Tony Stark here reporting live from the financial battlefield. And let me tell you it's not pretty. Apparently even *my* tech is feeling the pinch. Tech stocks got smacked harder than a Chitauri soldier yesterday erasing earlier gains faster than you can say 'Jarvis deploy countermeasures!' The Nasdaq bless its digital heart dropped over 2%. Ouch. You know it's bad when even *I'm* sweating a little. And I don't sweat I'm Iron Man!
Apple and Tesla Hit the Skids!
Apple and Tesla took a nosedive dropping about 5%. That's like Pepper crashing my favorite sports car... again. Meta Alphabet Amazon Microsoft and Nvidia all joined the party in the red zone. Seriously what's a genius billionaire playboy philanthropist to do when even *his* investments are looking shaky? Maybe I should invest in vibranium futures. Now *that's* a growth market.
Tariff Troubles? More Like Tariff Turmoil!
So here's the deal. Apparently there was this little rally earlier fueled by the oh so optimistic idea that the U.S. might just *might* negotiate some tariff deals. But those hopes crashed faster than my last attempt at making a decent smoothie. Worries about negotiations failing sent the market into a tailspin. Trump's tariff plans are causing more turbulence than a flight with Rhodey at the controls. Seriously the guy needs a co pilot...or maybe just a good therapist.
Volume Goes to Eleven!
Trading volume hit its highest in nearly two decades! It was a wild ride. Someone speculated the White House might delay tariffs. The Nasdaq suffered its worst week in five years and the Magnificent Seven – that's the cool kids' club of tech giants – lost a staggering $1.8 trillion in market value over two days. That's enough to build a *lot* of Iron Man suits. We need a new plan.
Semiconductors Suffer Because Of Course They Do!
Even the semiconductor stocks couldn't escape the carnage. The VanEck Semiconductor ETF took a 2.7% hit. Broadcom at least tried to put on a brave face announcing a $10 billion share buyback. Good for them! Advanced Micro Devices slumped 6% and Apple supplier Qorvo got hammered dropping about 10%. Apparently even chips are feeling the tariff blues. Intel and Micron Technology weren't far behind either. Maybe I should start manufacturing my own microchips. Stark Industries is always hiring.
What Does This All Mean Besides My Portfolio Shrinking?
So what's the takeaway here? Tariffs are bad volatility is high and even AI stocks aren't immune. The worry is that these tariffs could diminish demand for products using these chips and slow down the whole economy. I need to go back to my lab and invent something that makes everyone rich and happy. Preferably something that involves lasers. Until then buckle up buttercups! It's gonna be a bumpy ride.
noyou
Is this the end of the tech boom?!
ruzmando
Time to short everything!
awang.n6600
Maybe we should just go back to using paper and pencils.