Phoenix Technology News Beijing time, April 8, according to Reuters, on Monday local time, the stock price of the US "Seven Tech Stocks" continued to fall collectively. This round of decline has caused their total market value to evaporate by about US$2 trillion (about RMB 14.62 trillion). Investors are worried that the global tariff war launched by US President Trump will impact financial markets.

Before Monday's stock price plummeted, Dan Ives, one of Wall Street's most optimistic tech analysts, lowered its target stock prices for Apple and Tesla. He warned that Trump's tariff policy could trigger a "tariff economic doom".

The stock price trend of the Qixiong Technology Stocks

The stock price trend of the Qixiong Technology Stocks

Intraday trading on Monday, Tesla's stock price plummeted 7% to $223, leading the decline in the "seven tech stocks". Shares of Apple, Google's parent company Alphabet and Microsoft fell to a low of about a year. Among them, Apple's stock price fell 4.8%. Amazon, Meta and Nvidia's stock prices fell between 1.5% and 4.8%.

Since the seven companies' stock prices reached their highest point by the end of 2024, their total market value has dropped by more than $6 trillion. In the past two trading days, the total market value of the S&P 500 has evaporated by more than $5 trillion, mostly due to the shrinking market value of these seven companies. (Author/Xiao Yu)

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[Editor in charge: Yu Lei PT032]