Technology sector "bleeding rivers", Nasdaq records biggest weekly drop since April last year, Apple Inc. (AAPL.US) stock price performs the best.

Under the continuous escalation of the situation in the Middle East and the soaring prices of energy, global stock markets were significantly under pressure this week, with the technology sector becoming a major victim. The Nasdaq, which is mainly composed of technology stocks, fell by 3.23% this week, marking the largest weekly decline since April 2025, when former US President Trump proposed a massive tariff measure that caused market panic. In this round of adjustment, large technology stocks have generally weakened. Alphabet (GOOG.US, GOOGL.US) fell by nearly 9% this week, Microsoft (MSFT.US) fell by about 7%, NVIDIA Corporation (NVDA.US) and Amazon.com, Inc. (AMZN.US) both fell by over 3.2%, and Tesla, Inc. (TSLA.US) fell by nearly 2%. Relatively speaking, Apple Inc. (AAPL.US) performed more steadily, with a slight increase during the week. Meta Platforms (META.US) became one of the technology giants with the largest decline, falling by over 11% this week. Its stock price was pressured mainly due to two consecutive unfavorable rulings involving its responsibility in content regulation on the platform, further exacerbating market concerns about its core advertising business. At the same time, leading storage chip company Micron Technology, Inc. (MU.US) also faced significant selling, with a decline of over 15% this week. Despite the company's strong financial report released earlier, with revenue for the latest quarter nearly doubling year-on-year to $23.86 billion, and an estimated gross profit margin of around 80% for the next quarter, in the background of soaring oil prices and heightened macro uncertainty, the strong fundamentals failed to boost market sentiment. However, in the long term, the stock has still accumulated nearly 300% over the past 12 months. The core drivers of market volatility come from energy prices and political risks at GEO Group Inc. With tensions in the Strait of Hormuz escalating, international oil prices closed at a three-year high on Friday, further exacerbating concerns about inflation and economic outlook. Analysts point out that high oil prices are suppressing the performance of risk assets through both cost and expectation channels. Politically, there is still a great deal of uncertainty regarding the situation in Iran at GEO Group Inc. A spokesperson for the Iranian armed forces stated that Iran is formulating conditions for ending the war and emphasized its dominant advantage on the battlefield. Meanwhile, according to media reports, Iran is expected to respond to the "15-point peace plan" proposed by the United States before Friday, but may reject some key demands. The plan involves concessions from Iran in nuclear programs, missile projects, and regional influence in exchange for sanctions relief. To gain negotiating time, Trump has extended the deadline for strikes on Iranian energy facilities to April 6th. Analysts believe that this "postponement but not cancellation" strategy is causing the market to oscillate between short-term easing and medium-term uncertainty. In terms of fund flows, investors have clearly withdrawn from the technology sector this week, moving towards assets with more defensive attributes. At the same time, market attention is shifting towards future key catalysts, including the potential launch of the largest IPO in history by SpaceX and the upcoming quarterly delivery data from Tesla, Inc.