Tech stocks like Nvidia, Tesla, and Amazon plunged as Trump’s trade war threats with Europe rattled markets. Shares of Nvidia, Broadcom, Oracle, and AI cloud firms like Nebius and CoreWeave took a hit. The Nasdaq Composite dropped 1.7%, signaling investor unease amid fears of an AI bubble.

Despite a positive outlook from TSMC, Big Tech stocks have underperformed major indexes in 2026. Large cap tech stocks have seen significant declines, raising concerns about AI-related spending. Analysts like Sam Rahman note the need for returns on AI investments, while others like Dan Ives see the pullback as a buying opportunity.

Tech earnings in the coming weeks will shed light on how industry giants are capitalizing on AI investments. Intel, Tesla, Meta, and Microsoft are set to kick off earnings reports from the Magnificent Seven. Investors await insights into the AI Revolution’s impact on tech companies’ bottom lines.

Read more at Yahoo Finance: Nvidia, Tesla lead tech stocks lower as Trump trade war threats rattle market