From Financial Modeling Prep: 2025-04-02 09:18:00

US tech giants, including Tesla, Amazon, Alphabet, Meta, Nvidia, Microsoft, and Apple, suffered a 16% decline in Q1 2025, wiping out $2.4 trillion in market value, as per Deutsche Bank analysts. This marked a reversal from the 2024 rally fueled by deregulation and AI excitement.

Tesla’s market cap plummeted 36% to $0.8 trillion, making it the worst performer among the Magnificent 7. Nvidia, which surged 171% in 2024, saw a 17% drop in a day, raising concerns about its market dominance. Alphabet, Amazon, Microsoft, and Apple also experienced significant losses.

While US tech stocks faltered, Chinese tech firms surged by 20.8%, indicating a global realignment in tech leadership. US tech sector was down 7.7%, reflecting high valuations and geopolitical tensions. Despite challenges, the Magnificent 7 remain innovative, but face increased global competition, especially in AI.

Investors are monitoring the evolving tech landscape closely, with US tech’s underperformance suggesting a shift from “techceptionalism.” Global rivals are encroaching on the dominance of American tech giants. Detailed industry performance data can be explored to understand sector-specific trends amid these changes.



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