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Buying opportunities abound as Nasdaq sheds $1.4 trillion in market capitalization

  • After Thursday’s slump wiped $1.4 trillion in market capitalization from the Nasdaq 100 Stock Index, buying opportunities are now presenting themselves.
  • The recent tariffs imposed on China and Taiwan, as well as the potential taxes on production bases like Vietnam and India, are a disastrous setup for companies like Apple Inc., Nvidia Corp., and Broadcom Corp.
  • Investors reacted swiftly to the news, with Apple shares tumbling 9.3% on Thursday, erasing more than $310 billion from the company’s market value.
  • According to Jason Britton, chief investment officer at Reflection Asset Management, the current situation has created significant pockets of opportunity for buying strong businesses.

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