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4 tech giants President Trump calls ‘MAGA’ stocks have lost $1 trillion in the coronavirus-induced market rout
The tech giants are Trump's favorites because the beginning letters can be arranged to spell "MAGA" — the acronym used during his 2016 campaign.
Each of the technology giants pared losses on Monday and Tuesday when global stocks fell for two days in a row.
Why one Wall Street analyst thinks Alphabet could surge another 15% after hitting a $1 trillion market value
A 15% surge in Alphabet's stock would put it in the running to be the highest-valued US company. Apple currently holds the title.
Apple was the first US company to hit the milestone market valuation in 2018. Since, Microsoft and Amazon have also reached $1 trillion market values.
"We are incrementally more constructive about what we perceive as multiple ways to get paid under the recently appointed Pichai regime," Levine wrote.
Apple and Google should be regulated like banks if they go deeper into financial services, German finance minister says
Apple has already issued $10 billion in credit for its Apple Card product, and Google plans to offer a checking account as soon as next year.
Here’s one reason why Apple and Google could get hurt most by renewed antitrust pressure on big tech
This issues could stem from possible changes to the commission rates Apple and Google charge app developers.
Elsewhere on the Street Waymo is valued anywhere from $119 billion by Mark Mahaney of RBC Capital Markets to $135 billion by Eric Sheridan of UBS. Morgan Stanley's is the highest to date.