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Stock impact report

Why Applied Digital Stock Is Plummeting Today [Yahoo! Finance]

Taiwan Semiconductor Manufacturing Company Ltd. (TSM) 
Last taiwan semiconductor manufacturing company ltd. earnings: 4/17 04:00 pm Check Earnings Report
Company Research Source: Yahoo! Finance
ET. At the same point in the day's trading, the S&P 500 and the Nasdaq Composite index had fallen 4.8% and 5.8%, respectively. The Trump administration announced yesterday that a universal 10% tariff on all foreign-sourced products will take effect on April 5. Just four days later, a series of extra import taxes will be levied on goods from a select list of countries that the U.S. has large trade deficits with. Investors are selling out of stocks in response, and growth-dependent tech players including Applied Digital are seeing big pullbacks. Applied Digital is a U.S.-based provider of data-center services, and most of its customers are based within the country. On the other hand, the core hardware that powers the company's cloud-based processing operations relies on components and manufacturing services from overseas companies. As just one example, the Nvidia graphics processing units (GPUs) that are central to Applied Digital's data-center operations rely on chips that are manu Show less Read more
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