Nasdaq · April 8, 2025
The AI wobble and the tariff shock
-24.32%
peak-to-trough, the whole slide
76 trading days · 2024-12-16 → 2025-04-08
back to the old high on 2025-06-27
What happened that day?
- From the 16 December 2024 peak to the 8 April 2025 low the Nasdaq fell 24.32% — 76 trading days
- Expectations built up around AI since 2023 were so high that even a small earnings miss moved prices hard
- Then came claims that training AI might cost far less than assumed, which put a question mark over chip demand
- The US tariff announcement in April 2025 made the decline steeper
- Tech companies are especially exposed to tariffs because their parts and assembly are spread across many countries
- A tariff pause started the rebound. The old high returned on 27 June
Sources
Every figure on this page is recomputed from the original daily closing prices and checked against them at build time. The account of what happened is written from the sources listed above.