As Trump Completes 100 Days As President, Elon Musk, Jeff Bezos, Mark Zuckerberg And Other Billionaire Backers See $195 Billion Wealth Wipeout Amid Market Turmoil
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 29 2025
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Source: Benzinga
Impact on Tech Giants: Four major tech leaders—Elon Musk, Jeff Bezos, Mark Zuckerberg, and Jensen Huang—who supported Donald Trump's presidency have collectively lost nearly $195 billion in wealth since his inauguration, largely due to stock declines and tariffs affecting their companies.
Political and Economic Ramifications: Trump's administration's tariffs are threatening significant AI infrastructure projects and could lead to additional taxes on U.S. tech firms from the EU, while his approval rating at 100 days is notably low compared to previous presidents.
Analyst Views on VGT
Wall Street analysts forecast VGT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VGT is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 748.600
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Current: 748.600
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
