IXIC: Nasdaq Composite Dives 10% in Q1 as Mag 7 Stocks Get Battered Amid Tariff Worries

Jokes aside, technology wasn’t anyone’s favorite sector the first quarter with the Nasdaq diving into correction on Trump’s tariff jitters.

💨 Move Fast and Break… Tech Stocks?

• The Nasdaq Composite index IXIC slid into correction territory in the first quarter of 2025. The tech-dense stock gauge dropped 10.4% in the past three months as Donald Trump’s tariff storms knocked the lofty valuations of technology companies.
• Investors fled the risky assets as tariffs threatened to hurt the top line (revenue) and the bottom line (profits). All lines are on the line now as corporate America enters the earnings season on a sour note.

❌ No Survivors in Trump’s Tariff Shakeup

• The Nasdaq is best represented by its elite crew of tech titans collectively called the Magnificent Seven. Only that, nothing has been magnificent about them this past quarter. The selloff has been so severe it left no survivors out there — all Mag 7 (Lag 7 maybe?) members finished under the flatline.
• Meta META took the least amount of beating, slipping 3.8%, followed by Apple AAPL — the iPhone maker lost 9% but it’s still the world’s largest company with $3.34 trillion in value. Microsoft MSFT is down 10%.

💥 Tesla Down One-Third

• Next in line is Amazon AMZN, which wiped out almost 14% from its market cap in the three months to March. Google parent Alphabet GOOGL pulled back by 18.4%. And now, the two biggest losers, which were considered (and still are?) the crème de la crème of tech investing.
• Nvidia NVDA washed out 21.6% from its market cap to settle at $2.64 trillion. Tesla TSLA ranks first on the loserboard, down 31.7% with traders dumping the shares while Elon Musk has been MIA and making headlines by spending his time in the Oval Office and disrupting whole government departments.