Apple(US:AAPL) Hua Er Jie Jian Wen·2025-05-23 23:24Market Overview - The US stock market experienced a broad decline, with the S&P 500 falling for four consecutive days and Apple facing an eight-day drop, down 3% on Friday, leading the decline among major tech companies [2][3] - Oklo, a nuclear power stock, surged by 23%, while US Steel rose by 21% amid the market turmoil [2] - Safe-haven assets saw increased demand, with gold prices rising by 2% and the dollar index hitting a new low for the month [2] - Bitcoin experienced a significant drop, falling over $4,000 from its record high [2] Key News - Trade tensions escalated as Trump threatened to impose a 50% tariff on the EU starting June 1, claiming the EU's primary purpose is to gain trade advantages over the US [3][8] - The US Customs reported record daily tariff revenues of $16.5 billion, indicating the financial impact of ongoing trade disputes [10] - Trump warned Apple CEO Tim Cook that Apple must manufacture in the US or face a 25% tariff, leading to a significant drop in Apple's stock price [10][13] - Analysts criticized Trump's stance, suggesting that absorbing the tariff would be less damaging to Apple than relocating production back to the US [13] - The US Treasury Secretary indicated that the tariff threats are intended to accelerate negotiations with the EU, with expectations of several significant trade agreements in the coming weeks [12] Company Developments - Oracle announced plans to purchase 400,000 of Nvidia's latest GB200 chips for a total value of $40 billion, aimed at enhancing its data center capabilities [15] - Goldman Sachs and Deutsche Bank commented on Xiaomi's recent product launch, highlighting its advancements in technology and potential market impact [17] International Relations - Japan's Prime Minister expressed a desire to eliminate additional US tariffs, indicating ongoing negotiations with the US [9] - Reports suggest that India and the US may reach a preliminary trade agreement within the next week [9]