Tech megacaps lose $770 billion in value as Nasdaq suffers steepest drop since April
Jensen Huang, CEO of Nvidia, speaking with CNBC’s Jim Cramer during a CNBC Investing Club with Jim Cramer event at the New York Stock Exchange on Oct. 7th, 2025.Kevin Stankiewicz | CNBCShares of Amazon, Nvidia and Tesla each dropped around 5% on Friday, as tech’s megacaps lost $770 billion in market cap, following President Donald Trump’s threats for increased tariffs on Chinese goods.With tech’s trillion-dollar companies occupying an increasingly large slice of the U.S. market, their declines s...
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