Amazon, Nvidia and Tesla hit as Donald Trump’s China Tariff announcement wipes $770 billion from tech megacaps in biggest-ever single day fall since April

Tech giants like Amazon, Nvidia, and Tesla faced a staggering $770 billion market value loss following President Trump’s threat of 100% tariffs on Chinese goods and export controls. This significant downturn, the worst since April, also impacted the Nasdaq and S&P 500, with Bitcoin experiencing a sharp decline as well.