CrowdStrike Holdings Inc. (NASDAQ: CRWD) stock has turned positive after a peak-to-trough drop of around 12% after the Trump administration announced sweeping new tariffs that caught many investors off guard. The tariff announcement is the latest headwind for technology stocks, including cybersecurity stocks that were among the biggest gainers in 2024.
It’s too early to know the full impact of tariffs. Retail investors tend to sell first and ask questions later. However, conventional wisdom says the tariff announcement could be the catalyst that institutions needed to move overpriced stocks. If that’s the case, there could be more downside ahead.
