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Apple, Silicon Valley chip stocks hammered after Trump's 'shot across the bow'

bizjournals Friday, 23 August 2019
Shares of Apple and Silicon Valley's semiconductor companies were pummeled on Friday as President Trump responded to new tariffs from China with a tweet saying he's demanding that American companies "immediately start looking for an alternative to China." Trump's comments were "a clear shot across the bow at Apple and the semi space," Wedbush analysts Daniel Ives and Strecker Backe wrote in a note to investors on Friday. Shares of Apple Inc. closed down 4.6 percent as the Dow Jones Industrial…
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