11 Oct 2025 | 3 Mins Read
Nasdaq plunges, tech stocks lose nearly $770 billion in value
Flipitmoney
Tech megacaps Amazon, Nvidia, and Tesla dropped around 5% on Friday, losing $770 billion in market cap, after President Donald Trump's threats of increased tariffs on Chinese goods. The Nasdaq fell 3.6% and the S&P 500 dropped 2.7%, with Amazon, Nvidia, and Tesla losing about $770 billion in market value collectively.