:max_bytes(150000):strip_icc()/GettyImages-2256285058-b8046c91f20c4bd4b8c8664ffdbde768.jpg "America’s Biggest Tech Stocks Lead Tuesday’s Selloff as Trump’s Greenland Rhetoric Rattles Markets")
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Key Takeaways
- Big tech stocks led a broad market sell-off Tuesday amid rising geopolitical concerns.
- President Donald Trump over the weekend threatened new tariffs on a number of European countries unless the U.S. is allowed to acquire Greenland.
The Magnificent Seven aren’t looking so magnificent to start the week.
All seven of the tech giants—Nvidia (NVDA), Apple (AAPL), Alphabet (GOOGL), Amazon (AMZN), Meta Platforms (META), Microsoft (MSFT), and Tesla (TSLA)—saw their stocks slide to start the holiday-shortened trading week as rising geopolitical concerns fueled a broad market sell-off, with the shares down 1% to 2% each.
Stocks fell in early trading Tuesday after President Donald Trump over the weekend threatened higher tariffs on a number of European countries unless the U.S. is allowed to acquire Greenland.
“Starting on February 1st, 2026, all of the above mentioned Countries (Denmark, Norway, Sweden, France, Germany, The United Kingdom, The Netherlands, and Finland), will be charged a 10% Tariff on any and all goods sent to the United States of America. On June 1st, 2026, the Tariff will be increased to 25%. This Tariff will be due and payable until such time as a Deal is reached for the Complete and Total purchase of Greenland,” Trump said in a Saturday morning social media post.
Other tech and AI darlings, including Broadcom (AVGO), Advanced Micro Devices (AMD), Oracle (ORCL), and Palantir (PLTR), also lost ground following the comments, weighing on the major indexes. Meanwhile, gold and silver prices surged to new highs as investors turned to safe-haven assets.
Why This Matters to Investors
The losses for America’s biggest tech giants on Tuesday underscores how investors may flee riskier assets in favor of traditional safe havens such as gold when geopolitical concerns rise.
Wedbush analysts led by Dan Ives said they would view the selloff as an opportunity to buy, telling clients Tuesday they expect tariff threats and tension over Greenland to “calm down” as negotiations take place at the World Economic Forum in Davos, Switzerland this week.
“Tech stocks will be hit as the ‘risk off dynamic’ hits AI names front and center but ultimately we view this as an opportunity to own the tech winners for 2026 and beyond,” they wrote.
UBS analysts said they expect the recent volatility to “follow the same pattern that we have seen over the past year—from ‘Liberation Day’ tariff announcements to deals that involved investment commitments in the US. With the Trump administration prepared to negotiate and de-escalate, our view is that tensions over Greenland are not a reason to change our overall positive view toward global equities.”
