Apple remains the lone Big Tech stock in the red post-Trump tariff turmoil

Almost two months after Donald Trump first announced his… creative tariffs plan, the stock market has more or less moved on. The biggest tech stocks have bounced back, helped by AI hype, strong earnings, and a growing sense that most of the plan won’t come to pass anyway. Apple, however, remains in the red. Since Trump made the announcement on April 2nd, shares of Amazon (+7%), Google (+8.8%), Meta (+10%), Microsoft (+20.2%), and Nvidia (+26.3%) have all erased their post-announcement losses, and then some. Apple, meanwhile, is still down more than 10%. How weird is it that the stock value recovery amounts align with the alphabetical order of the companies? That divergence, of course, is Wall Street’s direct reaction to how it sees Apple’s unique exposure in this whole mess. The China of it all Initially, most of Big Tech dipped after Trump’s initial tariff announcement, which was to be expected. Everyone relies on China, in one way or another. But everyone else found a reason to ... Read full article.