Apple & Nvidia Stocks Sell-Off on US-Sino Tariffs

Shares of Apple (AAPL) and Nvidia (NVDA) saw sharp intraday reversals on Tuesday, 8 April, after staging an early rally. Nvidia stock surged as much as 8%, and Apple gained over 2% in morning trading before both stocks turned sharply lower as worries over looming reciprocal tariffs weighed on markets. 

By the close, Apple had dropped around 5%, while Nvidia also gave up gains to finish firmly in the red as investors sold out of all “Magnificent 7” stocks, including Tesla (TSLA), Microsoft (MSFT), Amazon (AMZN) and Alphabet (GOOG). (Source: Finance Yahoo)

Apple vs Nvidia Price Performance Chart

Charts of AAPL and NVDA show dramatic declines as of 2025, retracing a significant portion of the gains made over recent years.

*Past performance does not indicate future results 

Tech Stock Sell-Off

There had been some temporary reprieve in the tech sector selling on Tuesday after positive news from trade negotiations with Japan and South Korea.

Hopes quickly faded with reciprocal tariffs set to take effect today (April 9), spooking investors out of holding Big Tech stock investments because of their reliance on global customers and suppliers, particularly in China and other parts of Asia.

For instance, around 90% of Apple’s iPhones are manufactured in China, Tesla relies heavily on components sourced from outside the U.S., and Nvidia imports many of its products from Mexico and Taiwan. To add to the pressure, nearly half of the Magnificent Seven’s total revenue comes from international markets. (Source: Reuters)

Apple: No Longer the Most Valuable Company in the World?

Apple’s huge 4-day slide has pushed Microsoft back into the top spot as the world’s most valuable publicly traded company. By Tuesday’s close, Microsoft’s market value stood at $2.64 trillion, edging out Apple at $2.59 trillion.

Apple shares have tumbled nearly 23% over the past four sessions, the stock’s worst four-day run since October 2000.

The entire stock market is under pressure from President Trump’s sweeping new tariffs but Apple is bearing the brunt among the tech giants as a reflection of its deep exposure to China through its iPhone supply chain.

Learn more about what are tariffs in our in-depth article. (Source: CNBC)

Investors Sell Out of Nvidia 

Semiconductor stocks, including Nvidia have taken a hit amid concerns over weaker demand and rising prices in a trade war. There was already some specific concerns surrounding Nvidia’s slowing earnings growth as well as uncertainty over the rollout of its new Blackwell AI chips.

However, with semiconductors excluded from the latest round of tariff hikes in several countries, chipmakers may be shielded from some of the disruption.

Conclusion

The latest sell-off in Apple and Nvidia highlights how sensitive Big Tech remains to global trade tensions. With reciprocal tariffs now in effect, investor caution could persist, especially for companies heavily tied to China and international supply chains. While semiconductors may see some relief from tariff exemptions, broader uncertainty continues to weigh on market sentiment.

Only time will tell what lies ahead.

*Past performance does not indicate future results