US Stock Plunge: Apple, Microsoft, Nvidia Down Big, JPMorgan Sees Bargains!

Key Points:

• Major US stocks plunge indexes opened sharply lower, significantly declining key tech stocks.
• Google fell 6.5%, Amazon over 8%, and Tesla more than 10.85%, reflecting widespread market turmoil.
• Despite the downturn, JPMorgan Chase suggests that the market dip could be a prime opportunity to buy lower-priced stocks.

The three major US stock plunge indexes opened significantly lower, driven by Apple, whose shares slid 9.6% due to increased investor worry over the tech giant’s near-term prospects.

Microsoft was next in line with a decline of 4.8%, but Nvidia dropped 14.3% due to what analysts described as fundamental concerns about the semiconductor industry’s volatility.

Read more: Japan’s Nikkei Drop 14%: Worst One-Day Plunge Since 1987!

Google, Amazon, and Tesla Also Fall

Other major technology companies felt the full force of the US stock plunge. Google slid 6.5%, while Amazon dropped more than 8%. Tesla, ever the wild stock swinger, fell more than 10.85%, further dampening the jitters underway across the market.

JPMorgan Sees Strategic Buying Chance US Stock Plunge

JPMorgan Chase‘s trading desk has offered a ray of hope. According to the latest analysis by the bank, the current US stock plunge conditions can turn out to be a tactical opportunity for investors. The bank further said that the recent sell-off may turn out to be a ‘buy on dips’ opportunity and indicated that the market could bounce back once conditions stabilize.

JPMorgan’s view rests on the fact that while there has been a very strong correction in the market, most of these corrections precede a recovery phase. So, investors could get value in buying stocks at a discount, particularly those of high-quality companies. Known colloquially as “buying the dip,” this is an investment strategy to take advantage of potential future gains when market sentiment turns positive.