Daily Tech Headlines New Tariff Policies Caused A Market Selloff Led By Tech Stocks - DTH
Apr 3, 2025
Tariff policies shake the market, leading to a notable drop in tech stocks like Apple and Meta. Microsoft reassesses its global data center plans in response. Exciting news emerges as Amazon prepares to launch Project Kuiper, their innovative satellite internet service. Additionally, advancements in AI at Google bring new tools to the forefront, while shifts in advertising and workforce changes highlight the evolving tech landscape.
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Tech Stock Selloff
- Tech stocks fell sharply due to President Trump's new tariff policies, causing market panic.
- Apple led the decline, dropping almost 9%, followed by Meta Platforms, Amazon, NVIDIA, and Tesla.
Microsoft's Data Center Strategy Shift
- Microsoft has re-evaluated its global data center development plans.
- This shift in strategy has led to paused negotiations and postponed development at multiple sites globally.
Amazon's Project Kuiper Launch
- Amazon's Project Kuiper will launch its first 27 satellites on April 9th.
- It aims to rival SpaceX's Starlink, offering global internet coverage with speeds up to 1 gigabit per second.