Tesla Stock Drops 10% Nvidia Falls 8% Amid Tech Sell-Off

Tesla and nvidia, two leading technology stocks, experienced significant declines on Friday, with Tesla's stock dropping over 10% and Nvidia's falling nearly 8%. This downturn follows a similar trend from Thursday, where both companies saw substantial losses. Tesla's stock plummeted more than 8% on Thursday, while Nvidia's stock dropped nearly 8% on the same day. The declines are part of a broader sell-off in the technology sector, which has been impacted by various factors including global trade tensions and concerns about slowing growth.

The sell-off in technology stocks has been particularly pronounced for companies with significant exposure to international markets. tesla and Nvidia, both of which have large operations and customer bases in various regions, have been among the hardest hit. The declines come amid ongoing trade disputes and economic uncertainties, which have raised concerns about the future performance of these companies.

The drop in Tesla's stock is notable given the company's recent performance. On Wednesday, Tesla reported first-quarter vehicle deliveries of 336,681, which had been seen as a positive indicator of the company's growth. However, the recent declines suggest that investors are increasingly cautious about the company's prospects in the face of global trade tensions and other challenges.

Nvidia's stock has also been under pressure, with the company's shares dropping more than 20% this year. The decline in Nvidia's stock price comes after a massive rally earlier in the year, and the recent sell-off has raised questions about the company's ability to weather the current economic headwinds. Analysts have cited concerns about slowing growth and the impact of trade tensions on the company's operations.

Ask Aime: What factors led to the recent significant decline in Tesla and Nvidia's stock prices?

The sell-off in technology stocks has been part of a broader decline in the market, with the S&P 500 heading for its biggest weekly loss since 2020. The declines have been driven by a range of factors, including concerns about inflation, rising interest rates, and geopolitical tensions. The recent sell-off in technology stocks is a reminder of the volatility that can affect the market, and investors will be watching closely to see how these companies respond to the current challenges.