April 6, 2025 - 20:47
U.S. President Donald Trump's sweeping reciprocal tariffs sent shockwaves across key industries this week, with Wall Street experiencing its worst crash since the onset of the COVID-19 pandemic. The tech sector was notably affected, with significant fluctuations in stock performance among major companies.
First Solar emerged as a standout performer, benefiting from the ongoing shift towards renewable energy solutions. Investors showed increased confidence in the company's ability to navigate the turbulent market conditions, resulting in a notable rise in its stock value. The growing demand for sustainable energy sources played a crucial role in bolstering First Solar's position.
Conversely, Micron Technology faced a steep decline, marking a challenging period for the semiconductor giant. The tariffs, coupled with ongoing supply chain disruptions, led to a significant drop in investor sentiment. Analysts expressed concerns over Micron's ability to maintain profitability in the current economic climate, as the company grapples with rising production costs and declining demand for memory chips.
As the tariff situation continues to evolve, the tech industry remains on high alert, watching closely for any further developments that could impact market stability.
