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April 7, 2025, 7:15 PM
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Samantha Subin / CNBC:
Tech stocks teetered in volatile trading on April 7: AAPL closed down 3.67% and MSFT closed down 0.55%, while Alphabet, Amazon, Meta, and Nvidia closed up  —  Technology stocks teetered in volatile trading Monday as President Donald Trump stood by his sweeping global tariff plans following last week's devastating sell-off.
Mauro Orru / Wall Street Journal:
Chip stocks had a mixed Monday: Tokyo Electron, SK Hynix, Infineon, and Intel declined, while STMicro and Qualcomm posted gains  —  The rout underscores investor concerns that tariffs could lead to higher prices for chips and subdue demand  —  Global semiconductor stocks opened sharply lower on Monday …
Reuters:
TSMC's and Foxconn's stocks closed down 9.98% and 9.77% on April 7 as US tariffs roil global supply chains; the US' 32% tariff on Taiwan is among Asia's highest  —  Taiwan stocks plummeted almost 10% on Monday, the biggest one-day percentage fall on record, in the first trading since U.S. tariffs …
Vlad Savov / Bloomberg:
Nintendo's and Sony's stocks closed down 7.85% and 10.04% on April 7 amid a Japan selloff driven by US tariffs; most Switches are assembled in China and Vietnam  —  Nintendo, fresh off the announcement of its pivotal next-generation Switch 2 console, is particularly vulnerable …
David Yaffe-Bellany / New York Times:
Bitcoin is down 10%+ to ~$76K after President Trump's global tariffs, far below its record price of nearly $110K on Trump's inauguration on January 20, 2025
Ben Berkowitz / Axios:
President Trump posts that the US will impose additional tariffs on China of 50%, effective April 9, unless China withdraws its 34% retaliatory tariffs
Wall Street Journal:
Sources: Apple aims to send more iPhones to US from India, given new tariffs on China, but sees the situation as too uncertain to upend supply chain investments  —  Apple plans to send more iPhones to the U.S. from India to offset the high cost of China tariffs, people familiar with the matter said.
Times of India:
Officials: Apple sent five planes full of iPhones and other products from India to the US in just three days in the last week of March to avoid the 10% tariff
Megan Farokhmanesh / Wired:
Nintendo of America President Doug Bowser says the company is “actively assessing” the impact of US tariffs, which “weren't factored into” its Switch 2 pricing  —  Nintendo of America president Doug Bowser tells WIRED the company is still figuring out how to address tariffs …
Logan Plant / IGN:
Q&A with Nintendo of America VP of Product Bill Trinen on pricing first-party games like Mario Kart World at $80, Joy-Con 2 and using it as a mouse, and more
Kyle Wiggers / TechCrunch:
Meta VP of generative AI Ahmad Al-Dahle denies a rumor that the company trained its Llama 4 models on test sets, saying Meta “would never do that”  —  A Meta exec on Monday denied a rumor that the company trained its new AI models to present well on specific benchmarks while concealing the models' weaknesses.
Matthew Gault / 404 Media:
Framework stops selling its six lowest-priced laptops in the US, saying those models would sell at a loss due to tariffs that went into effect on April 5  —  Framework—a company that makes upgradeable and repairable laptops—has said it will pause sales on several versions of one of its models in America thanks to Trump's tariffs.
Sam Tobin / Reuters:
Filing: the UK Investigatory Powers Tribunal confirms Apple is appealing against a UK order to create an encryption backdoor, and says the case can be public  —  Apple (AAPL.O) is appealing against a British government order to create a “back door” to its encrypted cloud storage systems …
Annie Palmer / CNBC:
In a memo to staff Shopify's CEO says using AI is now a baseline expectation and that teams asking for more resources must first show why AI can't do the job  —  Shopify CEO Tobi Lutke is changing his company's approach to hiring in the age of artificial intelligence.
Ryan Whitwam / Ars Technica:
Google Search's AI Mode feature, rolled out to millions more in the US, now gains multimodal capabilities, letting users ask complex questions about pictures  —  Google started cramming AI features into search in 2024, but last month marked an escalation.  With the release of AI Mode …
Nico Grant / New York Times:
Memo: Google tells staff they can discuss the DOJ's antitrust case, rescinding an earlier command, as part of a settlement with the Alphabet Workers Union  —  The Silicon Valley giant had ordered employees to stay silent on the landmark case before reaching a settlement with a workers' union over the issue.
More: Daily Sabah

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This is a Techmeme archive page. It shows how the site appeared at 7:15 PM ET, April 7, 2025.

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From Mediagazer

Todd Spangler / Variety:
SEC filing: David Zaslav is selling ~4M shares of WBD stock, with an aggregate market value of just over $114M; Zaslav's 2024 pay rose 4.4% YoY to $51.9M

Max Tani / Semafor:
AP Senior Product Manager for AI Aimee Rinehart told staff that many editors preferred an AI-written article to a human one, and resistance to AI is “futile”

Committee to Protect Journalists:
Myanmar releases at least four journalists as part of an amnesty of 7,300+ prisoners convicted of terrorism after the military's 2021 coup

More News

Will Knight / Wired:
Stanford's 2025 AI index: China files more AI patents than the US, but US companies produced 40 frontier models, compared to 15 from China and three from Europe

Earlier Picks

The Information:
Sources: in recent weeks, OpenAI discussed acquiring io Products, a startup Sam Altman has been working on with Jony Ive to develop an AI device, for $500M+
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