On Wednesday Eastern Time, Apple's stock price fell nearly 4%, and the Market Cap dropped to 2.92 trillion USD, sliding back below 3 trillion USD; The change in Trump's tariff policy had a huge impact on Apple's stock price, with Apple's Market Cap evaporating by over 770 billion USD between April 2 and April 8; The upgrade of the USA's export restrictions on NVIDIA chips has intensified market concerns about Apple's prospects in the trade dispute.
On April 17, the Financial Association reported (Editor: Liu Rui) that on Wednesday Eastern Time, $Apple (AAPL.US)$ the stock price closed down nearly 4%, with its Market Cap slipping back below 3 trillion USD, to 2.92 trillion USD.
Although earlier this week, news of Trump's "exemption" from tariffs on electronic category products had temporarily driven Apple's stock price to experience what was called a "relief rally," after Trump later clarified the exemption news and initiated an investigation into the export of Semiconductors, Apple's stock price was again burdened by the pressure of tariffs.
Trump's tariffs have caused huge fluctuations in Apple's Market Cap.
This round of fluctuations in Apple's Market Cap began with Trump's tariffs.
On April 2, Trump announced a global reciprocal tariff to take effect on April 9.
Last Wednesday (April 9), President Trump announced a 90-day suspension of the reciprocal tariff plan for most countries, a development welcomed by Apple investors, which led to a single-day surge in Apple's stock price.
Last Friday, the USA Customs and Border Protection later issued regulations exempting the reciprocal tariffs on Consumer Electronics (which includes nearly all Apple products). However, Trump later claimed that these exemptions were temporary and that related products were merely moved to another tariff category.
During this period, Apple's stock price experienced a rollercoaster of fluctuations. Last week, Apple's Market Cap fell to its lowest level in nearly a year, dropping below 2.6 trillion dollars, with a loss of over 770 billion dollars in Market Cap from April 2 to April 8.
However, after April 9, Apple's Market Cap rose again to above 3 trillion dollars. Citi's Atif Malik believes that this rebound is merely a "relief rally" following Trump's postponement of reciprocal tariffs.
On Wednesday Eastern Time, Apple's stock price fell below 3 trillion dollars again under the pressure of tariffs. However, given that the stock prices of the "seven giants" in the USA have recently experienced significant decline, Apple is still the highest valued company in the world, slightly ahead of the second place.$Microsoft (MSFT.US)$The latter has a Market Cap of 2.76 trillion USD.
The pressure from tariffs has further intensified.
Before Apple's stock price drop on Wednesday, NVIDIA disclosed on Tuesday night that the export of their H20 chips and those achieving H20 memory bandwidth and interconnect bandwidth to countries and regions like China requires obtaining a license.
However, before NVIDIA disclosed this news, there were reports that the Trump administration is expected to change the plan restricting NVIDIA from exporting H20 AI chips to China.
In the view of Jefferies Financial Analyst Edison Lee, these developments indicate that "there are many contradictory opinions within Trump's team regarding tariffs, the strategy against China, and US technology restrictions."
Analyst Gil Luria from DA Davidson said: "The market's concern about Apple is that, as the impact of tariffs and export restriction regulations increases, it will become more difficult for Apple to protect itself from the confrontation between China and the USA."
Editor/Rocky
