Behind 2024’s Biggest Tech Wreck
America's mighty mega-caps were under siege on Wall Street mid-week.
The Nasdaq 100 was down nearly 3% into the US afternoon on Wednesday, with the biggest and most important names on the planet suffering disproportionately. Nvidia, for example, was 6% lower.
A big part of the problem was geopolitics. Reports indicated the Biden administration's mulling "draconian" measures to curb China's access to advanced chip equipment, while Donald Trump suggested he may charge Taiwan for security guarant