The recent developments in the stock market show that particularly technology stocks, including AI and KI stocks, have come under significant pressure due to the pullback in the Nasdaq 100. On Wednesday, April 30, 2025, the Nasdaq 100 experienced a substantial correction after several days of gains, falling more sharply than other US indices.
Reasons for Pressure on AI Stocks
- Economic Concerns: Weak economic data particularly burdened the technology sector.
- Quarterly Reports: Negative reactions to a variety of quarterly reports led to profit-taking.
- Export Regulations for AI Chips: A media report about possible changes to US rules on the export of AI chips caused additional uncertainty. The US government is apparently considering a shift from country-zone-based export restrictions to individual regulations with specific states. This could serve as a new pressure tool in tariff conflicts and is seen critically by analysts like Stacy Rasgon, as it could worsen the situation for companies like Nvidia.
Impact on Individual Stocks
- Nvidia suffered temporary losses of up to four percent but managed to stabilize somewhat.
- Other popular AI stocks like Applovin were under even greater selling pressure.
- Super Micro Computer, a player in the data center sector, is also affected.
Significance for Investors in Germany, Austria, and Switzerland
This correction in the Nasdaq has direct implications for investors in DACH countries (Germany, Austria, Switzerland), as many retail and institutional investors here are heavily invested in US technology stocks or use them as a benchmark. The uncertainties surrounding geopolitical measures and weaker corporate numbers may lead to short-term volatility.
At the same time, such pullbacks offer opportunities to readjust portfolios or to enter into long-term promising values in the field of artificial intelligence – provided that one assesses the risk appropriately.
In summary:
- The Nasdaq pullback significantly burdens technology stocks focused on AI/KI.
- Geopolitical factors (chip export rules) play an important role alongside economic concerns.
- For investors from the German-speaking world, this is relevant both in terms of market development and potential investment opportunities.
This development should be closely monitored – especially before the important quarterly figures of major tech companies like Microsoft are published – as they could represent a benchmark for the further direction of the sector.