💻 Apple & NVIDIA Face Declines Amid Trade Tensions and Market Pressures | Tech Sector Insights
President Trump's imposition of new tariffs on Chinese imports has contributed to a decline in the Vanguard Information Technology ETF (VGT), which is currently down by 1.8%.
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Monday, April 21
VGT [-1.8%]
Vanguard Information Technology ETF (VGT)
The U.S. stock market is experiencing notable volatility, with major indices, including the S&P 500, down significantly since early April due to escalating trade tensions between the United States and China. President Trump's imposition of new tariffs on Chinese imports has contributed to a decline in the Vanguard Information Technology ETF (VGT), which is currently down by 1.8%. Within the ETF's holdings, significant contributors to this decline include NVIDIA, which is under pressure from Huawei's advancements in AI chips and U.S. export restrictions, and Apple, facing challenges from soft iPhone demand and supply chain disruptions. Microsoft has adjusted its data center projects amid concerns about AI demand, while broader market dynamics are reflected in the S&P 500's decline of 1.32%.