{"id":144977,"date":"2025-03-12T19:56:54","date_gmt":"2025-03-12T18:56:54","guid":{"rendered":"https:\/\/www.startupbusiness.it\/duties-and-stock-market-capitalisation-us-big-tech-loses-value\/144977\/"},"modified":"2025-03-12T22:16:03","modified_gmt":"2025-03-12T21:16:03","slug":"duties-and-stock-market-capitalisation-us-big-tech-loses-value","status":"publish","type":"post","link":"https:\/\/www.startupbusiness.it\/en\/duties-and-stock-market-capitalisation-us-big-tech-loses-value\/144977\/","title":{"rendered":"Tariffs and stock market capitalisation, US big tech loses value"},"content":{"rendered":"\n

Contributing to the stock market slump of big tech last Monday, according to some<\/a>, were statements made by US President Donald Trump<\/strong> last week in which he ventilated the possibility of a ‘transition phase’<\/strong> in the US economy. They were interpreted as a recession <\/strong>warning. ‘This is the first time an administration has said outright that the targets will cause pain,’ says Shelby McFaddin, analyst at Motley Fool Asset Management. Trump, by refusing to rule out a recession in 2025, thus provoked a new wave of declines in US equities.<\/strong><\/p>\n\n

Well, on Monday Tesla<\/strong> on Wall Street lost 13.23%<\/strong> of its shares. And the company’s market capitalisation<\/strong> fell 45% from the all-time high reached on 17 December, $1.5 trillion<\/strong>. This week’s drop is therefore the biggest intraday drop since January 2023. Had the stock closed near the session low of $225.59, it would have been the company’s biggest one-day drop since September 2020. <\/p>\n\n

The drop is said to be due to sales<\/strong>, which fell in China, the US and Europe, but also to Elon Musk<\/strong>‘s political involvement. Indeed, some investors fear that his new role as head of the Department of Government Efficiency is a distraction for the billionaire. It was Musk himself who stated this<\/a>. Then there would have to be added the lawsuits <\/strong>and federal investigations<\/strong> that Tesla has had to face over the accidents, in some cases fatal, linked to the Autopilot and Full Self-Driving assistance systems. Finally, Donald Trump’s threats of tariffs on products from Canada and Mexico. <\/p>\n\n

A few days ago, there was also the collapse of Nvidia<\/strong>, the manufacturer of chips used for the development of artificial intelligence,<\/strong> which had opened last financial week with a 5% drop, then plummeted by almost 10% and finally closed with a drop of 8.69%<\/strong>, around 114 dollars, at the end of the session on the Nasdaq list. Since the beginning of the year, the stock has lost 15.8%, taking the company out of the restricted ‘club’ of the three trillion (in capitalisation), where only Apple <\/strong>(currently worth 3.56 trillion dollars on the stock exchange) now resists.<\/p>\n\n

It was another black Monday on 10 March 2025, during which all the big tech companies suffered a combined loss of more than $750 billion in market capitalisation, marking the worst Nasdaq session since 2022<\/strong>: -2.8% the Dow Jones, -2.7% the S&P 500, -4% the NASDAQ.<\/p>\n\n