As the quarterly earnings season begins, Big Tech companies are grappling with unexpected challenges since Trump's inauguration. The leading firms, including Apple, Amazon, and Google, saw their combined market value drop by $3.8 trillion. Initially, there was optimism about reduced regulations and new growth opportunities. However, the implementation of tariffs and ongoing trade war threats have created instability. Although temporary relief was offered regarding some tariffs, uncertainty looms, leaving Big Tech facing a chaotic landscape as they navigate Trump's policies and their implications for the future.
The past nearly 100 days since Trump's inauguration have imposed significant turmoil on Big Tech, causing a $3.8 trillion loss in market value for the 'Magnificent Seven'.
Despite initial optimism after Trump’s election, his administration's policies resulted in a severe decline in Big Tech stocks and constant anxiety over trade tariffs.
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