Apple (AAPL) Tumbles; Tesla (TSLA) and Nvidia (NVDA) Sink with Chip Concerns
On this episode of Stock Movers:- Apple (AAPL) stock is slumping after investors learned President Trump's tariffs will hit the company's supply chain and manufacturing centers in China, India, Vietnam, Malaysia, Thailand, and Ireland. The new tariffs will likely squeeze Apple's margins and may lead to price hikes, which could be challenging given shaky consumer sentiment.- Nvidia (NVDA) is down with the chipmakers in response to President Trump's tariffs, and is also lower after HSBC downgraded Nvidia from Buy to Hold.- Tesla (TSLA) shares are down following the tariff announcement…
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