When President Trump returned to the White House, executive officials of technology from Apple, Openai, Oracle and other companies pledged to create thousands of jobs, innovate fuel and invest billions of dollars in the United States.
But technological stocks were on a rugged journey this year, as commercial conflicts and the future of artificial intelligence have sparked economic uncertainty.
Trump went back and forth about imposing customs tariffs on imports from Canada, Mexico and China, which technology giants depend on producing laptops, phones and other tools.
He is threatened with the imposition of definition fees on semiconductors, which is consumer electronics with criticism of a federal program motivated by his predecessor, Joe Biden, who funded the manufacture of semiconductors.
The inaccuracy between investors has returned this week when some of the most valuable companies in the world, such as Apple, NVIDIA and Tesla, have received billions of dollars in their market value after their shares drop in Monday.
The losses came after Trump’s warning in an interview with it Fox News During the weekend that “there is a transitional period” next year and did not rule out the recession. Then he told the Minister of Commerce Howard Lootnick NBC News, “There will be no stagnation in America.”
“Investors will not know what will happen around the corner.” “It was a worrying time, and for this reason after a huge bull market, you see, especially the main technology shares, a disaster period to start a year.”
As of Wednesday, the technology sector on the NASDAC-100 has decreased almost 6 % since January, and the S& P 500 information sector has decreased to nearly 10 % this year (compared to a 5 % decrease for the market as a whole).
Analysts say that various reasons explain the disturbances in the market, noting the investor’s concerns about the customs tariff and the levels of investment in artificial intelligence and a decline in spending on consumer.
NVIDIA shares increased by 6 % on Wednesday, but are still 16 % this year; It was closed at $ 115.74 per share. The Santa Clara technology company, which manufactures computer chips, was hit strongly in January after the Chinese company Deepseek announced that it built AI cheaper with fewer computer chips.
NVIDIA was preparing to influence Trump’s commercial policies. During her quarterly profit call, NVIDIA Chris Chris Financial Director said that the impact of definitions is “unknown” so that the company can “understand the US government plan.”
Alphabet, the GOOGLE parent company, has also witnessed its shares decreased by 11 % to $ 169 per share since January. The research giant faces a potential disintegration after a federal judge spent last year that Mountain View, based in CA.
Google plans to appeal, but the Ministry of Justice under the Trump Administration has repeated a proposal to force the company to sell its Chrome browser to restore more competition.
Jeff Woodzzak, a great analyst in the Bavot Research Group, said organizational audit is taking place as Google faces questions about whether artificial intelligence, which can quickly generate information summaries, will seriously weaken basic research work.
While intensifying their investments in artificial intelligence, technology companies also spend more than analysts in capital expenditures such as databases and servers. Alphabet said he is planning to invest $ 75 billion in capital expenditures in 2025.
“This does not mean that artificial intelligence will not work, but there is concern about the type of return they will get in all this investment,” said Wlodarczak.
Meanwhile, Meta shares fell by more than 14 % last month, but the company’s share price is still January. On Wednesday, Meta closed at $ 619.56 per share.
The company, which owns Facebook, Instagram and WhatsApp, still dominates social media; Getting more people to use AI Meta tools can help collect more valuable data on more than 3 billion people who use their platforms daily.
In a profit call in late January, Mita said she was watching “legal and organizational opposite winds” in the European Union and the United States, which may affect its financial results.
Evz said the growing tensions between the United States and its trading partners, technology companies can find ways to obtain exemptions from the Trump tariff.
“I think a lot of this is really only to bring these countries to the table in negotiation,” he said. “But the damage happened to the market. It took a lot of momentum and caused a lot of nervousness to investors.”