Trump’s Tariffs Wipe $80 Billion Off Big Tech Fortunes

Tech’s biggest names—Elon Musk, Jeff Bezos, and Mark Zuckerberg—are taking a financial hit as President Donald Trump’s latest tariffs send shockwaves through the market. Since the president’s self-proclaimed ‘Liberation Day’ on April 2, the three billionaires have collectively lost $80 billion, according to Bloomberg’s Billionaires Index.

Musk’s Fortune Plummets As Tesla Struggles

Among Trump’s most vocal supporters in the tech industry, Elon Musk has suffered the sharpest decline. The Tesla CEO’s net worth hit a peak of $486 billion in December 2024 but had already dropped by $163 billion by April 2. The tariffs exacerbated Tesla’s market troubles, sending Musk’s fortune tumbling further to $290 billion by April 8—his lowest valuation this year.

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Bezos And Zuckerberg Feel The Heat

Amazon’s Jeff Bezos has also watched his wealth slide. After reaching $260 billion in February, his net worth dropped to $213 billion by April 2. The tariffs then erased another $21 billion, bringing his total to $192 billion. Amazon’s stock has plummeted roughly 30% since early February.

Meanwhile, Meta CEO Mark Zuckerberg has seen his fortune shrink by over 25%. His wealth peaked at $259 billion in mid-February but fell to $181 billion by April 8, as Meta’s stock price followed a similar downward trajectory.

Apple, Google, And Microsoft Under Pressure

Apple, heavily reliant on global manufacturing, has been among the hardest hit. Despite years of supply chain diversification, new tariffs on Vietnam—now a key production hub—have dragged Apple’s stock down 30% since February.

Google and Microsoft are feeling the effects, too. Shares of Alphabet, Google’s parent company, have slumped nearly 30% from their February peak, while Microsoft’s stock has dipped 7% since the tariffs were announced.

Big Tech’s Financial Ties To Trump

Despite their financial losses, these tech titans have had significant financial ties to Trump. Musk emerged as the largest political donor in the U.S., contributing $288 million to Trump’s 2024 election campaign, per Federal Election Commission filings. Bezos and Zuckerberg, through Amazon and Meta, respectively, each contributed $1 million to Trump’s inauguration fund.

Other tech leaders also backed Trump’s inauguration, including Apple’s Tim Cook, Google’s Sundar Pichai, and Microsoft’s leadership, each donating $1 million. Pichai even shared the stage with Musk, Bezos, and Zuckerberg during the event.

Yet, their support has done little to shield their companies from Trump’s aggressive trade policies. With tech stocks sliding and market uncertainty rising, the question remains: Will Big Tech continue backing a president whose policies are costing them billions?

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Apple Ties Its Mac Strategy To The AI Boom With New Mac Mini And Mac Studio Models

by THEFUTURE.TEAM

August 25, 2026

Apple has updated its Mac Mini and Mac Studio desktops with new processors and higher AI performance as developers increasingly use Macs for local AI workloads. The new models are scheduled to ship on Sept. 22, weeks before the company is expected to introduce its next iPhone generation.

Macs Target Local AI Development

Developers and researchers are increasingly using Apple computers to run AI models locally, reducing reliance on cloud infrastructure. Mac Mini systems can support AI agent software, while Mac Studio machines are designed for more demanding model training and deployment workloads.

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Apple said its processors combine Neural Engines for machine learning with unified memory architecture designed to reduce performance bottlenecks. The company says the combination allows users to run and fine-tune larger AI models directly on their devices.

Mac Mini Gets First M6 Generation Chip

The updated Mac Mini can be configured with Apple’s M6 and M5 Pro processors, making it the company’s first computer with an M6-generation chip. The M6 is manufactured by Taiwan Semiconductor Manufacturing Co. (TSMC) using a 2-nanometer process.

The previous Mac Mini lineup offered M4, M4 Pro and M4 Max processors. Apple said the M5 Pro version of the new model can process large language model prompts 8.5 times faster than earlier Mac Mini Pro configurations.

Pricing has also increased. The new Mac Mini starts at $899, $100 more than the previous model, after Apple raised the price from $599 earlier this summer, citing higher memory costs.

Mac Studio Targets Larger AI Workloads

Mac Studio remains Apple’s highest-performance desktop without an integrated display, following the discontinuation of the Mac Pro earlier this year. New configurations include the M5 Max, which Apple says can run large language models nearly four times faster than the previous generation.

The M5 Ultra is available for users with heavier computing requirements. Apple says multiple Mac Studio systems using the Ultra chip can be connected to pool memory and run models with up to a trillion parameters.

Mac Studio with the M5 Max starts at $2,499, unchanged from the previous generation. The M5 Ultra configuration starts at $5,499, compared with at least $5,299 for the previous model using the M3 Ultra.

Apple Expands Its Local AI Hardware

The new desktops give developers and researchers more computing capacity for running AI models locally. Apple is also increasing the role of its custom processors and unified memory architecture in handling AI workloads without relying entirely on cloud-based computing.

Both Mac Mini and Mac Studio models are available for presale and are scheduled to begin shipping on Sept. 22.

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