https://www.eastbaytimes.com/2025/04/04/worst-case-scenario-for-tech-wipes-1-4-trillion-from-nasdaq/

(Bloomberg / Jeran Wittenstein and Ryan Vlastelica) — There’s virtually nowhere to hide for many US technology companies under President Donald Trump’s new tariff regime, the harshest in a century.

After Thursday’s slump wiped $1.4 trillion in market capitalization from the Nasdaq 100 Stock Index, the gauge is down 16% in the past six weeks. The Magnificent Seven even more, at 20%. Chipmakers are in free fall. And there’s little sign the pain will end anytime soon, as seen by Friday’s 2.7% tumble in the Nasdaq 100 as China retaliated.