Silicon Valley's early return on Trump investment: Plunging valuations, delayed IPOs [MSNBC.com]
Microsoft Corporation (MSFT)
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Source: MSNBC.com
The Nasdaq MarketSite in New York, June 9, 2023.Michael Nagle | Bloomberg | Getty ImagesSilicon Valley executives and financiers publicly opened their wallets in support of PresidentDonald Trump'sFollowing Trump's sweepingtariff planThe tech industry's leading CEO's rushed to contribute to Trump's inauguration in January and paraded to Washington, D.C., for the event. Since then, it's been a slog.The market can always turn around, but economists and investors aren't optimistic, and concerns are building of a potential recession. The seven most valuable U.S. tech companies lost a combined $1.8 trillion in market cap in two days.AppleTeslaElon Muskclose to $300 millionNvidiaMetaAmazonWith Wall Street selling out of risky assets on concern that widespread tariff hikes will punish the U.S. and global economy, the fallout has drifted down to the IPO market. Online lender Klarna and ticketing marketplace StubHubdelayed their IPOsCoreWeavevolatile"You couldn't create a worse market and macro
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