Apple is currently among the U.S. companies most exposed to tariffs, particularly due to its reliance on China for manufacturing. The company's dependence on Chinese factories for iPhone production makes it especially vulnerable to U.S. tariffs on Chinese goods. In response to these tariffs, Apple has begun shifting some production to India and Vietnam to mitigate the impact. However, the company still expects U.S. tariffs to cost it $900 million in the current quarter. Analysts have noted that Apple has the biggest exposure to American tariffs on Chinese goods among U.S. tech companies. The company's stock has experienced significant volatility due to these trade tensions, with a notable drop in market capitalization following tariff announcements. While Apple is taking
$NVIDIA Corp(NVDA)$ Here are some insights into Nvidia's stock performance this week: - *Closing Price*: Nvidia's stock closed at $113.06 on July 26, representing a 0.69% increase from the previous day's closing price. - *Day's Range*: The stock price fluctuated between $111.58 and $116.20 throughout the day. - *52-Week Range*: Nvidia's stock has fluctuated between $39.23 and $140.76 over the past 52 weeks. - *Market Capitalization*: The company's market capitalization stands at $2.78 trillion. - *Analyst Ratings*: Nvidia has received positive analyst ratings, with some analysts predicting a target price of $175. - *Earnings Date*: The company's next earnings release is scheduled for August 28, 2024. - *Recent News*
$Tesla Motors(TSLA)$ Tesla (NASDAQ:TSLA) faces additional pressure from prominent Nordic investors such as Norway's largest pension fund KLP, Sweden's Folksam and Denmark's PFA and PensionDanmark over the company's approach to working with unions. The original standoff with a small number of repair shops in Sweden has now escalated to the point that well-known investors are taking notice.
A steep drop in shares of $Alphabet-A(GOOGL.US)$, $Amazon(AMZN.US)$ and other technology companies dragged the $Nasdaq Composite Index(.IXIC.US)$ into correction territory Wednesday. The tech-heavy index slid 2.4% in a punishing session that pulled it down more than 10% from its recent high. Its losses accelerated in the afternoon, sending the gauge to one of its worst one-day declines of the year.