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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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About This Page

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

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Nellie Andreeva / Deadline:
Sources: Ted Sarandos and Greg Peters held a town hall to explain Netflix's decision to withdraw from the WBD bid; the town hall excluded a Q&A session

CNN:
CNN employees and viewers have serious concerns about whether Ellison will uphold CNN's editorial independence amid severe political pressure

Henry Dyer / The Guardian:
UK minister Josh Simons resigns over allegations that a think tank he led has probed some journalists and falsely linked them to a “pro-Kremlin” network

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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