With the Nasdaq Composite in bear market territory (marked by the index falling more than 20% from its all-time high), there is some panic in the market. Investors are worried about the effect of tariffs on the consumer and would rather be in more conservative investments than artificial intelligence (AI) stocks, which have more upside but with more risk.
The stock market sold off rapidly over the past few weeks, leading many to label this a stock market crash brought on by President Donald Trump's tariff announcements. Stocks moved down sharply this week as reciprocal tariffs went into effect; they recovered quickly as Trump announced tariff relief on every country except China, but continued to mark additional losses on Thursday.
Investors and consumers alike have had plenty to worry about in recent weeks. The on-again, off-again tariffs, the ongoing trade war with China, and persistent inflation have led to concerns about a potential recession.
Shares of the semiconductor company Broadcom (AVGO -8.19%) were falling hard today as the broader market turned red once again. Investors are still trying to figure out what to do amid President Donald Trump's chaotic rollout, and subsequent rollback, of some import tariffs.
Amid all of the tariff-related volatility in the market, semiconductor leader Broadcom NASDAQ: AVGO has fared better than many. Since Trump's tariff announcement hit markets on Apr. 3, shares of Broadcom are up nearly 8% as of the Apr. 9 close.
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