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April 7, 2025, 9:40 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
David Yaffe-Bellany / New York Times:
Bitcoin plunged ~10% to below $80K since Trump announced new 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, “if China does not withdraw” its 34% retaliatory tariffs
Wall Street Journal:
Sources: Apple plans to send more iPhones to the US from India to offset the China tariffs, but the situation is 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 March's final week to avoid the US' 10% tariff  —  Apple transported five plane full of iPhones and other products from India to the US in just three days during the final week of March …
Bloomberg:
Apple Store employees say the past few days have felt like the busy holiday season, as the threat of tariffs and potential price hikes sparked a shopping frenzy
Matthew Gault / 404 Media:
Framework pauses sales of its six lowest-priced laptops in the US, saying the models would sell at a loss due to the 10% tariff 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 …
Kyle Wiggers / TechCrunch:
Meta VP of Generative AI Ahmad Al-Dahle denies a rumor that the company trained Llama 4 Maverick and Scout on test sets, saying that 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.
Annie Palmer / CNBC:
Memo to staff: Shopify's CEO says using AI is now a “fundamental 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.
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  —  On price, mouse controls, and a lot more. … Nintendo has finally pulled back the curtain on Nintendo Switch 2 …
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
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 …
Ryan Whitwam / Ars Technica:
Google rolls out Search's AI Mode feature to millions more Labs users in the US with multimodal capabilities, letting users ask complex questions about pictures  —  Google started cramming AI features into search in 2024, but last month marked an escalation.
Bloomberg:
Publishers say site traffic has plummeted since Google rolled out AI Overviews; sources: Google acknowledged the drop in an October 2024 meeting with publishers  —  In March 2024, website owner Morgan McBride was posing for photos in her half-renovated kitchen for a Google ad celebrating …
Nico Grant / New York Times:
Memo: Google tells staff they can discuss the US 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.
David Shepardson / Reuters:
Memo: the White House orders federal agencies to name chief AI officers and expand their use of AI, rescinding Biden-era orders intended to place AI safeguards  —  The White House said on Monday it is ordering federal agencies to name chief AI officers and develop strategies for an expansion …
More: PYMNTS.com

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This is a Techmeme archive page. It shows how the site appeared at 9:40 PM ET, April 7, 2025.

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From Mediagazer

Joe Flint / Wall Street Journal:
Sources: David Ellison has picked HBO content chief Casey Bloys to oversee streaming operations following Paramount's acquisition of WBD

Lucas Shaw / Bloomberg:
Sources: David Fincher won't renew his Netflix deal when it expires in 2027; he isn't leaving for a rival studio and could still make his next movie at Netflix

Deadline:
Disney initiates a third round of layoffs under Josh D'Amaro, sources say impacting a couple hundred staff, largely in HR and tech, smaller than prior rounds

More News

Andrej Karpathy / @karpathy:
How LLMs, unlike previous transformative tech like the internet, disproportionately benefit regular people, with slower impact in corporations and governments

Earlier Picks

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
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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